Another possible Receivership?

m0nkeycheese on 17/09/2012 - 15:52
Last edited 17/09/2012 - 15:53

An interesting read, most probably be labelled as a bore fest, but im quite interested in finance and general goings on.

Its crazy that he knocked Rupert Murdoch off the BRW’s executive rich throne and now its down to this.

Obviously with all journalism there is some sensationalism, but even if this is it could have massive impact on the work force if people are laid off etc.

http://www.smartcompany.com.au/leadership/051843-how-the-ban…

General Discussion

Comments

  • maldrat on 17/09/2012 - 18:25

    I love reading smartcompany.

    IMO unlikely that the banks will put FMG in receivership or anything.

    • m0nkeycheese on 17/09/2012 - 19:54

      Yeah hopefully.. but the problem is getting all the different banks to cooperate :/

  • Ahan on 17/09/2012 - 19:49

    Wonder when I can do some receivership work. I have been doing bankruptcy for the last two years.

  • hatts on 18/09/2012 - 14:12
    +1

    Fortescue secures $US4.5b credit facility

    FORTESCUE Metals has secured $US4.5bn in new funding which the country's third largest iron-ore miner will use to refinance its heavy debt burden.

    http://www.news.com.au/business/companies/fortescue-secures-…

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