re: Ann: Kaboko locks in US$10m Debt Funding ... Whale, I think the off take agreement is a right given to Noble in return for agreeing to provide finance. Trading company's like these deals for their own liquidity. I assume its at market price and therefore of no real benefit to Kab. In fact reduces flexibility. Of course, the financing is of company making benefit to KAB if it all goes to plan.
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