HT every time a bank lends for a house they will fund up to 80% of the price - this means that the borrowers liabilities exceed the the current ability to repay.
The banks do this because they know that the demand for the product is established and if the borrower's cannot meet their obligations another borrower will.
They base the risk decision on the forecast ability to repay the debt over time in many cases 30 years.
So why are you so negative on Qin - they have assets they have a market they accumulated expertise and they have successfully negotiated many more perilous circumstances than these.
The future is bright once the short term liquidity issues are resolved.
All Imo and DYOR of course
- Forums
- ASX - By Stock
- QIN
- Liabilities exceed assets - so what
Liabilities exceed assets - so what
-
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QIN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online