DML 0.00% 1.9¢ discovery metals limited

breach of debt covenants - overdone, page-26

  1. 13,592 Posts.
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    Banks are NOT stupid.

    They realise that this is one of the best copper areas in the world in a stable country and debt is essential in the startup phase - you then have a steady stream of income at a premium.

    My ONLY concern is if there is a GFC type scenario. I still remember poor OZ MIN with ONLY a billion in debt and some *@&%#'s pulled the rug from under a very good company.
 
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