Can anyone explain this
"The Company is required under the margin facility to lodge A$1 million as cash security for every A$1 million the mark to market difference exceeds A$15 million. The facility is otherwise unsecured with a negative pledge condition." ?
I can't read beyond the letters. Not exactly sure how the premium works. Thanks.
Ann: Gold Road Secures Forward Sales Facility up to 100,000 ozs-GOR.AX, page-4
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