Assuming my rough notes are correct and Mr Ransley is not telling porkies, If they put nothing upfront, they will pay either $3.5m per month over 7 years or $4.5m per month over 5 years. Which if over 5 years would be $57m in interest payments at 9.9% or $82m interest over 7 years. Hopefully they keep their cash and dont need to forkout much of an upfront payment.
I assume OCP will accept the new interest rate on their 80m loan.
I read somewhere, but can't find the article, that they are considering financing from industry and not a finance house.
Something along the lines of a larger company taking a stake. Anybody heard this?
Ann: South African Business Operations Management Control, page-20
Add TER (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $180.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $393.8K | 1.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 122072 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 121423 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TER (ASX) Chart |