MNB 1.67% 6.1¢ minbos resources limited

Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-179

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  1. 14,469 Posts.
    lightbulb Created with Sketch. 4214
    "the working capital facility will have to be funded by equity because it takes into account current liabilities."

    Isn't that a bit of a contradiction? A working capital facility by definition is debt, not equity. Have I misunderstood what you are saying?


 
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