The Company has established a debt facility totalling A$18.65 million Senior and Mezzanine debt with
specialist international banking group, Investec Bank (Australia) Ltd. Under the terms of the facility
agreement,
Focus has hedged a total of 32,000 ounces at an average gold price of approximately A$990
per ounce. In addition, Focus has acquired put options for a total of 17,000 ounces of gold at A$850/oz to
further protect Perseverance Gold Project revenues.
I thought they wernt going to hedge any gold......not happy about that
here comes the dilution effect, page-2
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Mkt cap ! $42.98M | |||
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