News GFG on board as joint major sponsor

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findonite

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List all the heavy industry companies with government guarantees - as you said none of them can get a loan with a government guarantee.
Nyrstar's operations for a start....its the same finance model GFG is seeking. Only problem for GFG is Pt Pirie fluked $ from EFIC. Once bitten twice shy for AG and SAG. Try asking an Australian or international bank today for a redevelopment loan for a refinery...without a govt guarantee.
 
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RussellEbertHandball

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Nyrstar's operations for a start....its the same finance model GFG is seeking. Only problem for GFG is Pt Pirie fluked $ from EFIC. Once bitten twice shy for AG and SAG. Try asking an Australian or international bank today for a redevelopment loan for a refinery...without a govt guarantee.
That's one heavy industry company in Australia. Bluescope don't have a government guarantee, Downer Industries don't have government guarantees, they are defined as heavy industry. What about the Alcoa aluminium smelter in Portland. What government guarantee do they have?
 

findonite

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That's one heavy industry company in Australia. Bluescope don't have a government guarantee, Downer Industries don't have government guarantees, they are defined as heavy industry. What about the Alcoa aluminium smelter in Portland. What government guarantee do they have?
Alcoa had a $200M direct bail out from Vic govt only a few years ago. Bluescope only kept Pt Kembla alive after assistance from Macfarlane and AG. Qld Nickel went under after no govt loan guarantee. Similar with Rio's Gove refinery. The international situation, from Canada to Europe and Asia is worse - direct govt stakes in loss making refineries. If you are a loss making refinery requiring a major restructure, lenders are now expecting a govt guarantee, because they are being kept open for reasons other than profit.
 

StrappingTape

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we could use him giving some advice on our board on how to try and corner a large entity in his case the government into a position they have to give him millions and basically get what he wants an gov guarantee on how to get our way with the AFL. I still don't see any money out of Whyalla especially with the SA liberals being as bats**t insane about energy as the last labor gov, well I do the only way is with government funding and he's playing a great public game I must say.
 

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