You do realise that the guarantee to the financers has nothing to do with JBS (the owners of the abbatoirs that the Chinese have banned) but is for the purpose of working capital for J&F the operators of the feedlots owned by RFM?
RFF own the feedlots, J&F (RFM company) operate the feedlots & sell cattle to JBS to slaughter in their abbatoirs.
So the ban on JBS abbatoirs has what impact on RFF exactly?
J&F can sell cattle on the open market if necessary to raise funds to pay the rent if necessary to RFF.
The bank guarantee is deemed a related party transaction between RFF & RFM .
China JBS Red Meat Ban, page-29
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Last
$1.87 |
Change
-0.015(0.80%) |
Mkt cap ! $726.8M | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.88 | $1.86 | $1.008M | 540.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 680 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 13078 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| RFF (ASX) Chart |