good news: senior loan facility, page-8

Brooke

I am not against hedging, and agree hedging can be a good thing at the right price to provide certainty, especially where borrowings are involved. I am against MacBank providing the finance.

PGI is paying them interest at around 20% (probably a bit more). Whenever there are issues along the way they impose more costs on the borrower. And have a read of the BDR thread about shorting, especially just before they had their last set of issues in March.

MacBank = poison.

loki