A 1% fee is low which is good. I think most have miss calculated the margin/interest for the prepayment it's SOFR +11%, (SOFR = Secured overnight financing rate this is running at around 5.3% for a 3M term) there and the interest is 5.3%+11%=16.3%.
I'm not saying this is bad, that rate is pretty standard debt financing for a junior at this stage of a project. This will put some pressure on commissioning and ramp-up. But it does keep dilution down while the project is being valued so low.
Ann: Term Sheet for US$10M Prepayment Facility, page-31
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VTX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.0¢ |
Change
0.020(10.5%) |
Mkt cap ! $27.48M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 22.0¢ | 20.0¢ | $222.3K | 1.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13575 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 70005 | 2 |
View Market Depth
| Last trade - 14.12pm 21/10/2024 (20 minute delay) ? |
| VTX (ASX) Chart |