WKT 4.55% 10.5¢ walkabout resources ltd

Are they lending $20m against a $10m SBLC ? Why would the bank...

  1. R08
    7,789 Posts.
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    Are they lending $20m against a $10m
    SBLC ?
    Why would the bank carry the risk ?
    There’s your answer….

    So, to look a step further - WKT could not satisfy the intial $20m SBLC, it was rejected. The company announced such and further - that the intial drawdown has been reduced and in turn so have the requirements of the SBLC.

    A number of posters on these pages have commented on the new figure being - $$$10M.


    Last edited by R08: 22/07/22
 
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