Australia's largest stock trading and investment forum Australia's #1 stock forum

CAN

Click for more information

0.00%

6.2¢ cann group limited

I've been wondering the same, surely a bank wouldn't...

First 44 Last

Share
Profile

Follow
Raspo1

42 Posts.

4

15/06/21

09:55

Post #: 53840969
Share

Originally posted by Westbrook0: ↑

Correct me if I’m wrong, haven’t been following the company closely but have seen bits and pieces over the last few months

The $50 million loan from NAB to complete the Mildura facility would’ve been closely examined by the bank and obviously deemed a safe investment, the amount of digging they go through to check out a customer for an average home loan is insane, so I’m assuming they’d have done a massive amount of research into the business model of CAN and worst case scenario, selling the facility they’ve financed to recoup the money.

Point I was wondering, is there something they’ve got up their sleeve they haven’t revealed to the market? Because everything I’ve seen lately wouldn’t warrant a $50 million loan

Expand

I've been wondering the same, surely a bank wouldn't put that much money on the line for a company on the way to bankruptcy. Unless I'm missing something

CAN Price at posting: 41.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 9 more messages in this thread...

First 44 Last

Add CAN (ASX) to my watchlist