Hey mate, the 20,000oz is the offtake portion of the facility, with Vertex being paid for it minus a small deduction so Ocean Partners can clip their ticket one more time.
I was also a bit confused about the wording in the announcement as it does read like the 20,000 is the cost of the prepayment but I emailed the company and they confirmed the 20k Oz gold is at the London Bullion market association spot price minus a small discount.
It would be the worst funding deal I've ever seen if it actually was $10mill for 20,000oz of gold and that's before you add the interest and costs etc.
Cheers
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- Ann: Term Sheet for US$10M Prepayment Facility
Ann: Term Sheet for US$10M Prepayment Facility, page-35
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Last
8.5¢ |
Change
0.005(6.25%) |
Mkt cap ! $10.43M |
Open | High | Low | Value | Volume |
8.0¢ | 8.5¢ | 8.0¢ | $9.224K | 112.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 31248 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.079 |
1 | 64913 | 0.078 |
1 | 20000 | 0.076 |
1 | 42855 | 0.070 |
1 | 100000 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 31248 | 1 |
0.087 | 150000 | 1 |
0.088 | 2654 | 2 |
0.089 | 18881 | 1 |
0.093 | 15000 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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INFINITY LITHIUM CORPORATION LIMITED
Ryan Parkin, Managing Director & CEO
Ryan Parkin
Managing Director & CEO
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