Whilst I’m bullish on GMC, I would be careful saying that HSBC have done their due diligence on Gulfs ability to repay the loan. EUC did a capital raise for $20mill and you would have expected that the insto that gave them the money would have done their due diligence and risk assessment but the price plummeted from mid to high 20s to a couple of cents shortly after that.
Nothing is ever “for sure”.
Ann: Gulf secures Euro 52 Million Loan Facility, page-128
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)