BIG burrendong minerals limited - withdrawn

How FC financing works for BIG, page-28

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 3,115 Posts.
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    @Ryzie and @Thanky your work here is outstanding. Make a lot of sense now. You have untangled something that was quite complicated. Very, very much appreciated.

    Given the way you guys are seeing this now, how does the security deposit of approx $19.8m now break down in relation to the number of sales/customers that actually translates into? I was originally thinking that this amount was comprised of 41% of $12,000 per customer ie. $4920 from a $12k video package.

    Am I right in thinking that this figure would now represent a much larger number of customers as it would be totaled from much smaller starting amounts. eg. a $4000 video package would only require a 41% security deposit of $1640 but the $12k of $1000 a month repayments would still exist for the ongoing line of credit (limit of this LOC is unclear).

    How would you reconcile your findings against the table that breaks down the 'Purchasing Decision Customers' with the various percentages. Do those figures give concern in relation to the conversion of prospective customers to fully accepted customers.
    Last edited by jlo2012: 25/02/18
 
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