[MEDIA] Paywall. But the message is clear.. 'Suppliers to the...

Paywall. But the message is clear..

'Suppliers to the steel tycoon Sanjeev Gupta’s rapidly growing empire have warned they are struggling to get credit insurance and are owed substantial sums.

Five companies that supply goods and services to parts of the Gupta Family Group (GFG) Alliance’s British operations told The Sunday Times they were struggling to secure payment from the steel, commodities and energy conglomerate.

One said it had outstanding balances totalling several million pounds. A small supplier to GFG’s steel plant in Newport, south Wales, said it was pursuing legal action.'

HAV needs to be careful in not replicating its controversial CMC / North Portia instalment plan in the event it transacts with Mr Gupta. Money up-front! This is not Afterpay!

ICYMI deal hungry Min Res is to receive $1.58 billion cash on completion of the sale of a 1/2 share in its Wodgina lithium asset. Per HAV's FY2018 AR, SIMEC Mining's exclusivity expires at the end of 2018. HAV should take the initiative and contact Min Res (in Jan 2019)  if a deal with Mr Gupta does not pan out by the end of 2018.

DYOR