For me, it's negative and positive. Negative in the sense that TGS took additional debt of 18.2M with unfavorable terms. Positive in the sense that the lenders are still supporting the company, otherwise they could have pull-out the plug long ago. The statement from Brad suggesting some operational improvements and we yet to see what are these. It might be possible they have made some progress otherwise there was no reason for the lender to put another 18.2M on the table. Let’s wait for the quarterly to see in what direction production and ASIC is going. Still a 50/50 chance of survival…L
- Forums
- ASX - By Stock
- TGS
- Ann: Tiger secures $US18.2M Funding
Ann: Tiger secures $US18.2M Funding, page-26
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TGS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online