RMS 1.38% $2.20 ramelius resources limited

Ann: December 2014 Quarterly Activities Report, page-30

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  1. 11,400 Posts.
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    With their current asset position they won't need to do the same level of payment they did to deustche bank. That 16mil facility cost around 18mil in 1 year (some due to interest which was calculated upfront and some due to the price of gold being higher than the agreed price).

    I think they'd be better off doing a cash loan at 6-7% interest (pa) than do another gold credit loan. could get lower than that I'd expect currently too, depends on the terms they can negotiate.
 
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