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0.00% $1.10 new century resources limited

The Sprott deal was at 10% per annum fixed for 3 years. It was a...

  1. Throb
    108 Posts.
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    30/04/18
    22:11
    Post #: 32783875
    The Sprott deal was at 10% per annum fixed for 3 years. It was a senior secured facility and there was a fee of 1.678M NCZ shares anyway. Equity ranks below secured lending in the event of anything going tits up.

    My thoughts are you would always want to fund through equity if the appetite was there (to a limit) as opposed to going cap in hand to a lender charging 10% + equity fee to establish the loan.
    NCZ Price at posting: $1.27 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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