Post by
Tcheck on May 15, 2020 6:53am
easing loan terms
we had a very bad loan deal .
we got skinned and slaughtered at the slightest mishap .
we had a ceo hero who couldn t read a contract apparently .
god forgive him
if that could be changed it would be a huge progress .
doing business without piling on debt .
the fate of startups .
paying upfront before having the means to return the money .
risky they call it .
it is likehaving bought nmx stock with borrowed money .
not pleasant . just kidding
China's Tianqi Lithium talking to banks about easing loan terms
06:09 (15/05) - Bron: Reuters
* Top lithium producer has to repay $1.9 bln of Citic loan
in Nov
* Has bond coupon payment due in May and owes Australia JV
money
* M&A deal that piled debt on firm agreed almost exactly 2
yrs ago
China's Tianqi Lithium
, one of the world's top lithium producers, said on
Friday it was talking to banks about adjusting the terms of its
debt as a key repayment on a loan looms and the lithium market
tanks.
Comment by
mick1888 on May 15, 2020 7:00am
Selective memory going on, if it wasn't for previous CEO, there wouldn't even have been a shovel put in the ground, never mind a mine three quarters built....:-/ We will have to wait and see what happens from here on in, but whoever owns this asset at the end of this year will be very happy people (hopefully including existing stakehokders). GLTA longs