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Iceberg launches another attack against Noble ahead of AGM

Singapore Business Review

It has 13 questions for the management.

Iceberg Research released thirteen questions for Noble Group's management ahead of the company's annual general meeting (AGM) on April 14.

The questions again target Noble's financial situation. For instance, Iceberg questioned Noble's unsecured revolving facility, which it said was valued to highly to provide any return on equity.

Iceberg also said that Noble's Yancoal stake is still overvalued, and noted that the group's coal price projections are still elevated.

The questions can be found here.



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