WKT 0.00% 11.5¢ walkabout resources ltd

Sigh,stand by letter of credit, credit implies a loan ie debt to...

  1. 118 Posts.
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    Sigh,
    stand by letter of credit, credit implies a loan ie debt to be repaid

    if this in the event WKT can't repay the loan wouldn't it be called stand by letter of insurance, or bankruptcy insurance, default insurance etc
 
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