This is like wading through mud...
WBC are not giving RHG $140m, they're offering
the money for parts of the company that they
want. Those parts then go away and RHG is left
with zilch but its' loan book. The $140m goes to
pay down liabilities/debt, so you're left with no
money, no name, no business and a loan book in
rundown mode and no secure funding.
Why would anyone want to bid for that ?
Purely a risky spec trade imo.
- Forums
- ASX - By Stock
- strong start today
This is like wading through mud...WBC are not giving RHG $140m,...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RHG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online