Sure - any progress payment from Samsung will need to be fully supported by bank guarantee from FGE due to Korean exchange control requirements. These types of guarantees typically need to be cash backed before local banks will provide. That is my original point - FGE will not be able to fund through either progress payments from customer or extended terms from sub-contractors. And this all happening while suffering a liquidity squeeze and finishing loss making contracts. Looks like a significant cash squeeze to me.
FGE Price at posting:
63.0¢ Sentiment: Sell Disclosure: Not Held