Taurus and the Clean Energy Finance Corporation combined loans of $US138m are at the centre of the SO4 "green potash" story. The role of these lenders is now critical given the Kordamentha appointment.
The Board and management are in the firing line but a broader investigation into the roles of the lenders may be an outcome necessary to satisfy the retail investors. After all the Australian banks were subject to a Royal Commission over lending practices.
In the case of SO4 we now have a Commonwealth Government agency (taxpayers) involved. Perhaps ASIC should be looking into the roles of all parties in this sorry "green potash" story?
SO4 Price at posting:
31.0¢ Sentiment: None Disclosure: Held
