Ann: Part Repayment of Loan Facility, page-27

  1. 688 Posts.
    lightbulb Created with Sketch. 96
    Did the company state they would pay down the whole debt?

    I think you will find the official line from the company was:

    "The combination of a cash payment at completion, plus the release of our cash-backed bonds, will provide working capital to Metals X allowing a reduction in debt."

    https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02339733-6KO29HV922AHMBE3MKAFDQUPUH/pdf?access_token=0007ZFTCv9560ETKBr0KADAu3LTj

    One more time for you... "Reduction in debt."

    Let's not let your expectations get in the way of the reality of business.

    I'm not the boss of you however for my own reading pleasure in this thread I'd appreciate it if you'd stop flip flopping between 'something is up' and 'I'm topping up' and just let the impending quarterly/official anns from the company do the talking.
 
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