GTP are worth a look.
Up until mid June Ospraie were large buyers of an Australian agricultural investment company called Great Southern GTP.AX. I have previously posted about this company or at least their convertible notes. I remain long both of their convertible notes.

You can check GTP’s recent filing here

Here is a summary of GTP’s current restructuring plan

Why Ospraie was continuing to double and triple down is clear. Whether the idea will work out remains to be seen.

For the time challenged
NTA per share June 30 – $2.13
Current share price – $0.55
Restructure to improve cash flow, reduce regulatory reliance and maximise value of land.
Post restructure NTA $1.46

I’ve only quickly looked. Both convertible notes are trading lower than my buy in price.

My last note was
Mid year update
Gearing ratio up to 52%

Related posts:

1. Great Southern Saga Continues
2. Great Southern (GTP) Update
3. Australian Interest Rate Securities and GTPGA
4. Great Southern calls in administrators
5. Key Dates for Great Southern Limited
6. Great Southern Death Rattle