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9.5¢ strandline resources limited

Ann: Existing Bondholders provide additional A$20M Loan Facility, page-22

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20/03/24

11:05

Post #: 72974168
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Originally posted by favre: ↑

Are you sure about the parent company guarantee?

I was relying on the last annual report, and could find no reference to such a PCG.

There were, on the other hand, detailed comments about the security given, a corporate structure diagram showing the parent as providing equity (but no reference to a guarantee), and a note stating specifically that the parent had no contingent liabilities.

I would have expected to see reference to such a crucial PCG in the AR, also given its bearing on financeability of the Tanzanian projects.

I have now gone back to look at the 2021 announcements of the debt, and in the case of the Bonds, but not the NAIF Facility, there is indeed reference to a Strandline Guarantee. However, it was "to be released on the date of Project Completion". While no definition was provided, I suspect that has passed.

Am all ears.

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trying this from phone, I have a copy of the STA Bond from a bond broker...

STA Price at posting: 9.5¢ Sentiment: None Disclosure: Held
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