BIG money, page-67

Hi Zinzo, thanks for keeping it simple, much appreciated, does help everyone on here.
So if as you say, they consider a bank loan to be equity do you think they should inform the market of this definition, there does seem to be some confusion on what a 90:10 debt to equity means doesn't there? So much could hang on that word "equity"

Also in one of your previous posts you state

"The 90% finance is done with no collateral. "

Can you advise where this information comes from,I have looked in the announcement and didn't see it, though may have missed it, don't really follow MNS that closely, (does anyone?, perhaps they could help),so was there a follow up presentation that I should look at. Nice of them to provide all them goods and services and not secure them, as you say should make it easier to get that $20 odd million Bank loan that is considered "equity", banks do love collateral don't they, they hate being behind other secured creditors when as so often happens in the spec market these types of projects go belly up.
Hope they are not relying on those $10,000 market prices quoted in the announcement, could be a bit risky don't you think. But no collateral, you reckon!




Thx