A40 0.00% 8.2¢ alliance mineral assets limited

Are we in trouble?, page-13

  1. 9,332 Posts.
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    Hi Wilma, it was fortunate for A40 that the ASX didn't waiver that going concern criteria, seems to have forced them to take out those two high interest loans to meet the going concern criteria. Imagine where we would be today without those two loans? So let's not worry about what competitors may be utilising funds for, we seem to have been borrowing to meet going concern criteria, is this good? Not in my humble opinion, and it might explain the extremely high interest rate!

    Anyway, can't worry about those that wouldn't have funds to participate in a rights issue, need to look at it from a business perspective and usually some willing to take up any shortfall and then of course they could always underwrite it or something

    All just in my humble opinion as always



 
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