I can only assume that by signing up to this creaffin effectively owns/shares the risk for port allocation etc which more than likely has been a sticking point for lenders. what I dont understand is why a lender would be more likely to lend to creaffin then fairstar. What assets do they have and how did they come about?
Also, if they are more attractive to lenders why wasnt this thought of months ago (years)? Might be a good announcement but frustrated at lack of progress
FAS Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
