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.
- Forums
- ASX - By Stock
- WKT
- Ann: Lindi Jumbo and Gemcorp execute final US$20m debt facility
Ann: Lindi Jumbo and Gemcorp execute final US$20m debt facility, page-3
-
- There are more pages in this discussion • 134 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WKT (ASX) to my watchlist
(20min delay)
|
|||||
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($) | Vol. | No. |
---|---|---|
11.0¢ | 221406 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 171468 | 0.105 |
9 | 700467 | 0.100 |
3 | 560000 | 0.099 |
1 | 130000 | 0.098 |
2 | 160000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 171406 | 8 |
0.115 | 88690 | 3 |
0.120 | 348360 | 8 |
0.125 | 445166 | 8 |
0.130 | 184736 | 5 |
Last trade - 15.18pm 26/07/2024 (20 minute delay) ? |
Featured News
WKT (ASX) Chart |