MOY *has* to raise capital. From the Quarterly:
"Subject to various conditions (such as an acceptable updated
life-of-mine plan), the Company’s debt providers agreed to vary the timing of the December 2013 $7.0 million principal debt repayment with $2.7 million paid and the balance payable at March 2014. Going forward, Millennium will need to agree an amended schedule of principal repayments with its debt providers, following the update of the life-of-mine plan scheduled for February 2014."
__________
So, they need $3.3m to repay $3.3m by end of March- maybe they have saved this cash to pay- dunno. Even that is subject to an updated LOMP, which is a bit overdue. Must be out soon, one would think.
- Forums
- ASX - By Stock
- MOY
- 2014 and beyond
2014 and beyond , page-33
-
- There are more pages in this discussion • 19 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 MOY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online