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18.2% 0.9¢ triton minerals ltd

Last Call before Finance is announced...Go Ton, page-379

  1. Names little
    17,842 Posts.
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    07/02/21
    12:24
    Post #: 50772241
    Hi BigDaniel, it's not hard to cover a $2m loan via a quick Capital raising if needed, different story trying to cover a $20m loan.

    And whether it's secured or not doesn't matter, once the VA is called in if unable to meet repayments Creditors are basically in control of the company, whether they are secured or not.

    To me if they haven't got full funding organised then they are taking a massive risk by going into debt for part of total project cost.
    TON Price at posting: 5.8¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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