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30,403 Posts.
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18/02/14
18:57
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'roy hill amounts to suicide'
it is beyond many engineers and accountants to work out the 'funding requirements' and 'cash flow' of a project like phase three!
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for example,
for a $100 million bond, many institutions would be looking at it as though they were providing a $25 to $100 million loan / overdraft
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this amount would be deduced from fge 'working capital / overdraft'!
hence massive cash flow problems for fge!
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