what makes you think that 20 million investment was a prerequisite for 1) Assuming A40 loan facility.
AND
2) t/o of A40 assets at firesale in the event of default
reality is that GXY management didn't appreciate the gravity of situation A40 was facing with their debt. had they completed due diligence they would have delayed the decision to invest 20m AUD
GXY Price at posting:
99.0¢ Sentiment: None Disclosure: Held
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