From the Foy Group Prospectus in 2017 (in respect of a loan for $US90m from SGC):
On the 15th May IGE announced: Mr Brian Engel, the President of SGC has advised that as at 14 May 2020 an agreement was finalised for the blocked funds which act as collateral for the initial instalments under the loan funding contract. This is a key step in the process that has been delayed as a consequence of COVID-19 restrictions.
So if this doesn't go ahead after someone put up a $100m guarantee then it will be a strange result.
IGE Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held