Oh god, WKT really didnt have any other option for funding, i cannot believe Gemcorp are entitled to a 14% margin over the current interest rate. Wont this mean WKT is paying around 18.25%interest.
free margin lol
"Gemcorp will also be entitled to cash sweeps of 25 -50% of any cash surplus over US$5m to be applied against the outstanding loan principal."
Who said this deal was better than dilution?
i can certainly see why Gemcorp approved this finance deal, IMO shareholders would be better off with BMCGs convertible equity and no free margin or the credit card interest rate.
Ann: Lindi Jumbo and Gemcorp execute final US$20m debt facility, page-3
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $17.55K | 167.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 171468 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 221406 | 9 |
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| Last trade - 15.18pm 26/07/2024 (20 minute delay) ? |
| WKT (ASX) Chart |