MGL magontec limited
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re debt reduction

  1. nick14
    12 Posts.
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    29/10/12
    16:37
    Post #: 10926352
    Snuff, my understanding is as follows: current debt $12.2m less $2m payment to be made less $3.5m convertible note to be issued less $4.5m to be forgiven leaves a balance remaining under the loan agreement of $2.1m which is to be paid by December 2013.
    MGL Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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