"Why you are wrong is that banks are keen to finance but they have changed their engagement rules."
This doesn't make much sense. Simon said the banks and NAIF both reviewed the project. He said they are NOT keen to finance.
Simon is now trying to reconfigure the project. But he has given no guarantee the company can meet whatever requirements the lenders now have in place (these requirements may become more onerous if rates continue to rise)
But obviously the biggest problem for the company is its solvency. Boab is running out of cash. It definitely doesn't have enoug to reach FID (even if they can achieve this according to the new schedule).
BML Chart, page-2577
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Last
12.0¢ |
Change
0.015(14.3%) |
Mkt cap ! $28.00M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 12.0¢ | 10.5¢ | $94.69K | 826.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 75613 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 7454 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| BML (ASX) Chart |