Ann: $10m Contract with Procurement Australia, page-23

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FrankLucas

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15/12/21

16:37

Post #: 58315421
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Originally posted by Munymkr: ↑

Sure Frank

Loan balances from 4C Report 30-9-2021.

ADM Capital – term facility – 19% - 30/6/22 – secured (USD denominated) – AUD $7.0m
Octet – debtor & trade finance facility – BBSW + 6.25% - 31/8/22 – AUD $5.5m
First Samuel – note deed – 11% - 18/10/22 – AUD $3.5m
Other – Westpac bank guarantee facility (cash backed) – AUD $265k

ADM Capital loan balance after repayment of $6 million from rights issue: $1.0M at interest rate of 19% = $190,000
First Samuel loan balance $3.5M at interest rate of 11% = $385,000
Octet debtor finance facility. Assuming $4.5 million is drawn of the $5.5M $4.5M at Interest rate of 6.5% = $292,500
Total $9.0M = $867,000 interest annually

My calculations are based on ADM not being paid out in full unless more funds are received from the balance of the shortfall from the Rights issue
I am assuming that $4.5 M of the $5.5m debtor finance facility is used given the 4C report indicated only $1.5 million is undrawn of the total at the end of the quarter and the likely cash squeeze from the downturn in activity due to lock downs in the first half.

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You're making assumption after assumption and want to be taken seriously!!!!

My advice to all and sundry, especially the bitter ex girlfriends who hold NO TTI stock, yet have more to say than anyone else.........unless you are stating facts, its best to remain silent.

TTI Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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