Banks write facility agreements. Large profitable organisations get bank guarantees on the strength of the business - I work for one in the contracting arena. There is no cash offset. There is positive cash flow and a spread of contracts and guarantees so the bank knows not all will go bust at one time. Cash offsets are required for us ordinary citizens or small companies or companies with a dud business or unprofitable business. There may be some mention of this tucked away in the financial report.
How is BYL funding its working capital now? Is it sufficiently cash positive for a bank to continue to stand beside BYL?
BYL Price at posting:
8.2¢ Sentiment: Sell Disclosure: Held
