Hi Tropfreedom.
IMO the backup funding option was a much better outcome for investors.
What were WKT's forecast margins for the project? divide that by 25-50% and work out how much money Gemcorp is going to receive.
The interest rates are 10% higher than the CRDB banks funding option that had no free margin, this is hardly a good outcome for existing shareholders.
Ann: Lindi Jumbo and Gemcorp execute final US$20m debt facility, page-15
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Last
11.3¢ |
Change
-0.003(2.17%) |
Mkt cap ! $75.51M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.3¢ | 11.0¢ | $18.91K | 171.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 786066 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 113493 | 6 |
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| WKT (ASX) Chart |