Will be interesting to see what happens with the balance of funds due from AFC?
They tipped in US$21.5m at 60c per share in December 2019.
But they owe us another US$28.5m at 60cps.
They are a massive bank and hopefully don't look at the DNK share price 20 times a day like I do, but I'm sure they will try to renegotiate the terms for the balance.
Especially if the share price gets smashed to sub 40c which is probably going to happen.
On a brighter note, I would imagine that DNK management would be looking to source additional debt then equity for the remaining US$50m required.
Anyway, at least we can all move on from discussing Davenport resources which means nothing to DNK.
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