i believe 70m was leant to another coal company via a convertible note. i think this should appear under receivables?
In the case of Bowen, a $322 million miner chaired by former Stanmore Coal (ASX:SMR) boss Nick Jorss, ASX 200 coal miner New Hope Corporation (ASX:NHC) and mine finance specialist Taurus have come in to provide $190 million to back the redevelopment.
A$70 million secured performance bonding facility agreement with New Hope Corporation, mainly to provide bonds under Queensland’s financial provisioning scheme
NHC Price at posting:
$5.13 Sentiment: Buy Disclosure: Held
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