VXL valence industries limited

While it is true that the USD$20m facility is not contingent on...

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    While it is true that the USD$20m facility is not contingent on the last CR and can be fully drawn after completion of DD will the failure of CR make DD more difficult? Yes! In particular can the main DD condition that the company show that they can repay the loan now be met? Risk has now increased but as I have posted before I think the company will get the loan. They just cannot fail, CD will mortgage his own house if necessary because it would be a disaster to not secure it. It will happen.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.