Yes, I understood the PE offer was to buy SSN. Who is the borrower of the debt? If it’s NA then whilst the sponsorship is of the Diamonds that allows cash that would otherwise be diverted to Diamonds to be used for other operations therefore providing liquidity to NA and serviceability for their loans.
Reply To: Hancock Prospecting invests in the Origin Australian DiamondsTully2022-09-30T12:55:23+10:00