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23:27
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Originally posted by Bison8:
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"instincts", That is a total assumption on your part. Agree it could be the financial advice from experts in their field. Nobody directly applies for a A$250m loan without advisors involved in the process. "The terms proposed for the USD denominated senior secured bond were revised and deemed not commercially satisfactory to the Company."
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This is exactly what happened according to a contact I have. The financiers played hardball at the last minute and tried to change the terms. This sort of stuff happens quite a bit and hopefully the company can find a suitable alternative in the coming weeks.
