Hi LongCleanEnergy,Your description of the questions that creditors need to consider are very valid, however they're only 'part A' of the consideration here. 'Part B' is pricing and structure of the loan in the context of wholesale funding costs increasing by 2x-5x. This changes the profitability of any loan provided to DEL and thus the risk-return profile. Consider MQG's latest hybrid that pays close to a 6% interest rate - this is significantly sharper than debt raised over the past 2-3 years (most extreme comparison being the RBA's 2020 QE-linked lending to the banks at 0.25%).I'm confident that Delorean can still secure financing - and thus I continue to accumulate - however a delay in closing financing was always on the cards considering the interest rate environment.
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Hi LongCleanEnergy,Your description of the questions that...
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