"As for assets in the ground ... well, until they can prove that they can get it out of the ground on a sustainable basis, then that won't help much either"
So how the hell is forward selling going to secure a lenders risk then?
"Lynch is no fool, if he could have borrowed the money on favourable commercial terms he would have done so already"
How do you know that he really wants to lend atm, do you know something that all us don't?
"i am in the finance business and I can tell you that money is tight tight tight at the moment"
There is NO shortage of money at present, the world is awash in $$$$, that is one of the problems.
CTO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
