https://hotcopper.com.au/posts/66977108/single
What’s even more remarkable is multiple claims the company only required $2.5m of funding, yet here we are at $25m - as witnessed by @Croc-file post above. Perhaps one of the reasons his pumping has stopped.
The interest terms to be offered will be somewhere in between 15% and 20% IMO on the debt PLUS in addition, Gemcorp also get to collect on the designated margins (yet to be determined which I would expect will be between 3% to 7%) of WKT’s free flow cash.
IMO.
Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-425
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