re: pna worth a lot more
Thanks, saw that a while back which came back to my origional question - why Mandate ANZ? PNA should seek as many institutions as possible to get the best deal. If one just mandates ANZ upfront - ANZ are likely to offer a lower financing rate - why not when you are guaranteed the facility.
If I was PNA I certainly would be playing the banks against eachother to seek the best rate possible. I suspect the 60% mentioned is what PNA were noted by ANZ.
Perhaphs the PNA team can get a bit more agressive with their debt facility. Then again, if the project is as good as we are lead to believe, the results will drive a higher financing rate. Time will tell.
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PNA Price at posting:
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