BIG 0.00% $2.22 burrendong minerals limited

MF Article - BIG Shareholders go guarantor for revenue growth. Is it sustainable?, page-142

  1. 7,057 Posts.
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    I'm a bit surprised at the massive drop in sp from this saga. Could be something I'm missing. Sure there should have been disclosure about BIG's dealings with Finstro and going forward maybe much more clarification on the relationship. What should really matter is that BIG's customer uptakes are real. The facility simply provides customers with the option of spreading their payment over a certain period.

    In light of the new information the question of profitability really comes to mind. As much of the cash are received up front it looks great on the quarterly but how profitable is it? How much dilution via issue of shares or fees and guarantees does BIG have to provide to Finstro for those privileges ?
 
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