The order was made 19th Feb and they want them to deposit 750K on the 20th Feb - is that normal practice? sounds like such short notice/impossible to get approval for such a large amount in that amount of time>?
I can only guess the draft email on the 12th Feb that they were advised of the amount otherwise how is Ferroglobe suppose to make a decision on the spot to approve $750K considering timezone difference as well.. I don't think they were expecting such a high amount as guarantee - I wasn't anyway.
There net income looks like it's down 60% from Y/Y so I assume everyone would be tightening their belts and not just handing out cash willy nilly.
Cheers
M.oz
The order was made 19th Feb and they want them to deposit 750K...
Add ADO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.1¢ |
Change
-0.002(6.67%) |
Mkt cap ! $50.57M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $33.68K | 1.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1871432 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1338233 | 4 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
|
Last
2.1¢ |
Change
-0.002 ( 4.55 %) |
||||
| Open | High | Low | Volume | ||
| 2.2¢ | 2.2¢ | 2.1¢ | 587084 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| ADO (ASX) Chart |