Just found the outcome regarding thePromissory Notes
Resolute has amended the A$50 million Vendor Financing Promissory Note that was originally due in March 2027. The new structure is as follows: • Reset the principal to the increased amount of A$64 million to account for capitalised accrued interest; • Maintain the annual coupon at 6% until 30 June 2025 after which the annual coupon increases to 12%. Interest will be capitalised and is to be paid to Resolute upon maturity; and • Promissory note maturity extended to 31 December 2027 but may be repaid early on future Ravenswood financings, liquidity event(s), or excess cash from Ravenswood.
GLTAH I think the worst is now behind us.
RSG Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
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