"Documents reveal Whyalla Steelworks owner GFG made surprise request for financial backing"according to the ABC (link below).
https://www.abc.net.au/news/2020-06-01/foi-whyalla-steelworks-owner-surprise-request-financial-backing/12308070
IMO this statement is about as "surprising" as Mr. Richard's cushy new role.
Let's not forget SIMEC's promise to invest $100M in Havilah as part of its dud deal last year, all the while, its parent company GFG had busy behind closed doors lobbying the SA Government for loans and failing to pay their bills on time.
"FOI documents obtained by the ABC showed the company sought government backing to borrow money last year — a request that caught officials by surprise" https://www.abc.net.au/news/2020-06-01/foi-whyalla-steelworks-owner-surprise-request-financial-backing/12308070
How do you think that this deal (had it gone ahead) would have panned out for Havilah and its shareholders?
Thankfully Havilah's shareholders had the guts to say NO to SIMEC / Richard's smoke and mirrors deal and as a result, is not associated with a company that is attempting to support its business operations through frivolous borrowings from the citizens of Australia.
My 2cents,
JDI.
"Documents reveal Whyalla Steelworks owner GFG made surprise...
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