DTE dart energy limited
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  1. rpmsol
    591 Posts.
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    31/07/13
    15:58
    Post #: 12136348
    My understanding is that the $100Mil from HSBC is 'project funding' that was linked to three projects, with the majority being Airth. It is not a line of credit that can be used for any purpose, but just for developing the named projects.

    The security for the loan is the project itself, which is why HSBC did such thorough due diligence on the project.

    I'm happy to be corrected if I am wrong.
    DTE Price at posting: 12.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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