with this loan, we can look forward to get off the starting blocks NOW and that is a great sign...
this should definitely re-rate the company imo...
never seen a 200% clause in 5 day VWAP... - great work management on that front...
all good for now.. the only concern for me is the last line which says " Upon repayment of the loans in their entirety, Magna will then be entitled to receive a 7.5% of gross revenue royalty for the life of the Kurnool plant."
7.5% is way too high for a royalty but in this climate where do we get $5m funding from? So Shylock has to be paid off with a pound of flesh I guess...
NSL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held