10-17-2012, 12:18 AM
Some are semi-shocked that they were able to secure this $100 million loan. Can't be that banks are suddenly so flush with cash that they just had to get it loaned out. As anyone knows there must be justification for an asset loan like this; usually cash flow projections that are fairly certain. What if part of the package to the banks was to show what was going on AND the increased production that will be happening at the refinery? Hmmmm, banks just might go for that given enough certainty.
Another thought. Once again we are in OE week and many games get played. What if someone got wind that this IOC announcement was happening today and this letter just happened to get leaked to the WSJ in an attempt to make it look like IOC is desperate and other bidders just aren't there, or might back away. It's been done before.
Another thought. Once again we are in OE week and many games get played. What if someone got wind that this IOC announcement was happening today and this letter just happened to get leaked to the WSJ in an attempt to make it look like IOC is desperate and other bidders just aren't there, or might back away. It's been done before.