" Meetings with potential debt providers and banks both offshore and onshore were conducted to introduce the project credentials prior to commencing a substantial engagement process."
I am a simple soul with no knowledge of high finance. But going on what knowledge of finance I do have, and taking into consideration this is not the national debt we are talking about, surely after such widespread meetings someone would have put their hand up? I am a great fan of "Wagga economics". I recall a Qantas CEO once saying "People complicate economics too much. If it doesn't stack up to a Wagga farmer, it probably doesn't stack up at all." Just what "engagement" is required? After all, there is money to be made by lenders, why would they sit on their hands if offered this business?
KGL Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
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