BIG 0.00% $2.22 burrendong minerals limited

AFR article post BRTV creditors' meeting, page-112

  1. 3,850 Posts.
    lightbulb Created with Sketch. 146
    So FC Capital get financials monthly as part of there covenants.

    Lets see how that must of looked each month:-

    Revenue 0

    Expenses $4M

    Loss $4M

    Cashflow from borrowings $7M

    Its all good boys - Lets go and lend them another $7M next month.

    And FC knew nothing about it ?!!!!!!!!

    Cheers
 
watchlist Created with Sketch. Add BIG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.