STH,
Not sure how Mezzanine finance can done once the JV project finance is in place.
The original project financier would take 100% security over all the SNE assets.
Just don't know what is left to offer the Mezzanine financier?!?
Btw, when they talk about Mezz finance - its at least 10%.
Even by conservative estimates, FAR would need between $10 to $20M a year to pay interest charges to the project financier (not including any Mezz finance). That is between $30 to $60M needed as interest payments until 2022.
IMHO, if they take the path as has been suggested in the AFR article, they are going to become another STO (in terms of carrying too much Debts).
Financing, page-8
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.8¢ |
Change
-0.013(2.45%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 49.5¢ | $197.6K | 396.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3280 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 484047 | 3 |
View Market Depth
| Last trade - 11.08am 04/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |