G79 0.00% 2.7¢ goldoz limited

Three Theories for the Great Silence, page-69

  1. 19,420 Posts.
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    I should have been more careful by what I meant by “best”. Of course it would be ideal if MUS could raise the needed cash from an outside source (i.e. bank-like organisation). The problem is few people other than buyers are going to be in a position to judge the value of the inventory and have the vested interest in ensuring MUS survives. The buyers want to see MUS make it to October.

    While the buyers are the most likely (i.e. “best”) to put up the cash, but they are almost certainly going to want to use any advance to their advantage. This is one of the many reasons I am so unhappy with the SP collapse - it just boxes MUS in and puts them at risk of being exploited by their lender(s). Even if they always planned on relying on borrowing to get them to October, cutting off the option of a reasonably priced CR just weakens MUS's hand in any negotiation.
 
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