at what level can we expect the cap raise?, page-127

Veecat

Iam actually suprised that their is not more chatter in the press. afr and all the press most likely only have part of the story.

by now there would be a lot more people involved, ie numerous brokers that would have been approached to get cap raise away, bankers, consultants as well as clients.

Perth is a small place , and even smaller in contracting circles. It leaks like a sieve usually . bank is usually a lot better at keeping serets , so i would suggest that they have been fairly successful at keeping a lid on things.

situation is probably highly fluid and until evryone has signed off on a deal they cant really say anything.for example, the bank may have given them an indicative term sheet for future facilities, but until they get formal credit approval, it isnt worth the paper it is written on. and credit people can be the most pedantic , annoying , cynical bunch of people on the face of the earth. and any approval will be going high up, not to the people that ticked off the original facilities as now there is a problem it would most likely need to go to a high level committee that will grill the crap out of everyone involved up until now.

fun times if you are a banker.

time will tell.