Hi All
Am interested in EMR hence doing some research atm. Can someone enlighten me on interest payable on the debt re Note 14 please?
The bottom of Note 14 bugs me a little if it means what I think it means, i.e. on top of the 6.5%(?) interest rate, EMR is to pay the difference btw prior month's gold price vs US$1100? Assuming gold price is US$1900 for Mar22, EMR needs to pay an additional US$1,159,200 (US$800 x 1,449 oz) for Mar22? If the difference in gold price is assumed constant at US$800/oz over the total 62,307 oz, that's US$50m (A$71m @0.7) in additional interest payment on A$101m debt!!!
Thanks
(20min delay)