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3.45% 3.0¢ morella corporation limited

Ann: Additional US$15 Million Secured for Altura Lithium Project, page-9

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  1. Cashmeoutside
    3,076 Posts.
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    11/09/18
    09:23
    Post #: 35512157
    Good result to avoid a CR IMO - though does place them further into debt. They’ve now got to ramp up to nameplate and refinance off that 15% (noting that the interest rate has increased to 15% on anniversary per the terms of the contract). The interest is now around A$26m per year or $130/t.
    Last edited by Cashmeoutside: 11/09/18
    AJM Price at posting: 24.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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