They simply took the money whilst they were able to,as it wouldnt be easy if
EUS start losing money again.
GNE is a property development investment Company which simply doesnt fit with a Steel Business.
They obviously believe they can achieve better things with that cash,plus being in control and a guarantee of return.
If they only use it to pay off Bank debt,that alone Gurantees an indirect profit/reduction of costs ie:a guaranteed reduction of Bank interest as opposed to
the no gurantees from EUS.
It makes complete sense and rids us of what could always be- a possible
red herring.
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