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0.3¢ morella corporation limited

Ann: Extension of time to convene second meeting of creditors, page-150

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GARETH78

8,087 Posts.

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01/12/20

15:22

Post #: 49270447
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Originally posted by sabine: ↑

Re Tianqi try here Rupfel.
And you have been such a stalwart of this forum - your posts often created debate which is a healthy thing.
I am sorry the outcome here was dissapointing for you and all the holders who held on, and was glad to hear you are doing well with your graphite company

cheers

https://auto.economictimes.indiatim...rieve-on-loan-still-talking-on-terms/79496159
... “ China's Tianqi Lithium Corp said on Monday it had signed a renewal letter with a syndicate of banks to extend the maturity date on $1.884 billion of loans that were due for repayment at the end of this month.

Tianqi, one of the world's top producers of lithium chemicalsused in electric-vehicle batteries, had repeatedly said its output and operations could be severely impacted if it did not repay the money, which was used to acquire a 23.8% stake in Chilean miner SQM in 2018, by the due date.

The last-minute signing gives the heavily-indebted company and its lenders, led by China Citic Bank, until Dec. 28 to reach agreement on the terms of an extension, Tianqi said in a Shenzhen Stock Exchange filing. Otherwise, Tianqi will have to pay back the money by that date”
.... etc

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Sounds ominously similar to here with the 31st October lifeline date.

AJM Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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