"...subject to the successful conclusion of pre-placement market soundings..."
In other words this is not yet a committed facility whilst this very important condition remains.
And if the equity placement really was conditional on the debt raising, then the whole thing could still unravel. Why else would Glencore act as banker of last resort, other than to become lead mortgagee in possession?
Ann: Sangomar FID and US$300M underwritten senior facility, page-29
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
51.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 92577 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 101000 | 2 |
View Market Depth
| Last trade - 16.16pm 02/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |
Day chart unavailable