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...
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