....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
----------
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.
- Forums
- ASX - General
- EV/Lithium
EV/Lithium, page-718
-
- There are more pages in this discussion • 491 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)