When a listed company takes on debt, the conditions attaching to the loan should be spelt out in clear english to the market. We have seen what has happened with VRE - the loan apparently enabled the banks to pull the plug very suddenedly when certain mine / financial targets were not met. As it appears MON are getting loans from other listed companies(arguably related parties given the MK connection), as well as support in equity raisings and on-market, if I were a shareholder of any of these companies I would be asking for clarification about the conditions, particularly in view that MON still has to complete the Mt Magnet sale.
As always, gold luck to MON shareholders. Hope you do well.
angus
MON Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
