....maybe I did consider this: that of the $550mil loan package, it was to be partly replaced by this $230m loan from the Govt/banks and the balance of $300mil to refinance Ford facility to be raised via either a new debt facility or discounted CR.
....personally I feel that putting taxpayers money to support a PLC (publicly listed company) is not sound judgment, it would be better if the Govt support is provided via an equity issue to a Future Fund for example. This is similar to the $800m Jobkeeper money given by the Fed Govt to Qantas then which was non-repayable, essentially giving free money to Qantas
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The decision comes a day after the federal government announced another, $230 million loan commitment from taxpayers and banks for West Australian lithium developer Liontown Resources, which is also partly owned by Ms Rinehart.
