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clock Created with Sketch. 01/05/18
14:40
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Originally posted by HenryBui
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Analyst comment: the advantages and disadvantages of debt and equity are well documented and, while increased dilution has reduced our valuation (see below), the benefits of greater flexibility for New Century, especially as first production draws closer, are more advantageous in both the short and long term.
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Hmm that explanation doesn't really tie in with their announcement from last year re debt facility from Sprott saying that no hedging was associated with the facility. It was only pending due diligence and customary CPs. Also why wait 6 months for NCZ to change their mind where they could have raised equity and been in production earlier?https://www.asx.com.au/asxpdf/20171011/pdf/43n3y46x8nd9qx.pdf
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01/05/18
