A40 alita resources limited

Ann: Consolidation of Financing Arrangements, page-5

  1. 1,443 Posts.
    lightbulb Created with Sketch. 2058
    Nice I like this for one reason it caps off the total possible debt at $40mill down from previous possible $53million.

    The $7mill draw down I was already budgeting for fines capex, if they pay for fines out of profits and keep the $7mill debt in the pocket for other purposes great even better.

    Bigger deal they reaffirmed guidance and a record quarter of production we are into March now and there is no back tracking on production fantastic thats the big deal, spending the $7mill isn't really anything that production is everything.

    Very confident here reducing possible debt available, before announcing new offtake and sales, must be very confident of a deal soon and immediate sales demand.
    Last edited by Henry Walton: 04/03/19
 
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