RE: Can we break through 3.5p22 Jul 2021 10:16
In the March '21RNS Crystal Amber released on performance of its fund, with reference to Hurricane is stated:
During September and October 2020, the Fund suggested, following discussions with other Hurricane shareholders, that it should allocate a portion of its cash to buy in some of the Hurricane loan notes at below 50% of par value. The Chairman of Hurricane had previously told the Fund that he regarded such a purchase as "a commercial no brainer". No update on bond purchases or capital allocation has been provided to the Fund or the market.
This will certainly now happen in my view as it certainly is a "no brainer"