CIY 0.00% 3.6¢ city pacific limited

300m due by march

  1. 52 Posts.
    So what if and at this point there is no reason to believe that the money lent out won't be repaid by March, it gets repaid.

    This company is a lender so isn't it natural for it to turn its loan book over with high levels of debt at different times.

    I also find the response I received yesterday amazing.

    There is no 'emergency/survival' need for institutional funding.

    Our working debt under normal market conditions is sustainable as it is...any proposed institutional funding would be to further reduce debt levels.The negative sentiment in today's market determines the need to
    further reduce debt to levels not necessary in the former bullish market conditions we experienced up until August 07.
 
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