If it’s all doom and gloom, why wouldn’t they have pushed through a credit raising to add to the cofters before this massive drop that some are anticipating?
I heard murmurs a while back that Saudi wanted to build the machines there. Maybe Saudi is willing to put up the investment money and FBR want to have full control of the manfucturing process?
I do hope they are ready to announce their ‘other’ plan now that CAT are out of the agenda.
Ann: FBR and Caterpillar discontinue MOU, page-64
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