Hi Tropfreedom.
IMO the backup funding option was a much better outcome for investors.
What were WKT's forecast margins for the project? divide that by 25-50% and work out how much money Gemcorp is going to receive.
The interest rates are 10% higher than the CRDB banks funding option that had no free margin, this is hardly a good outcome for existing shareholders.
Ann: Lindi Jumbo and Gemcorp execute final US$20m debt facility, page-15
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.9¢ | $47.97K | 474.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 170000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 200813 | 4 |
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| WKT (ASX) Chart |