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0.00% 2.5¢ st george mining limited

Ann: Trading Halt, page-48

  1. Meteor
    13,592 Posts.
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    19/06/19
    22:10
    Post #: 39142046


    If you look carefully they had loan facilities as follows:


    CORPORATE:


    • St George secures loan facilities of USD4million and AUD1million


    • St George fully funded for drilling in 2019


    OK, so they were fully funded ONLY because they would be using the loan facilities on which they were paying interest. Not only that but they would be giving 7.5m options for each USD1m drawdown exercisable at 18c on the USD4m loan.


    So, IMO a good idea to cut it out and raise funding through CR!

    SGQ Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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