I won't put him on ignore but I'll try and keep my replies to a minimum. I might need reminding from time to time!
Thanks @chuk
Term Sheet $14m U.S at 6.77% above the interest rate
Work out what the quarterly payment in arrears will be in Australian Dollars
and they require balance of Funding
Thats around 2 quarterly payments in arrears before production
My calculations are in the millions for interest alone - where will this come from ??
Please work out the likely interest expense per quarter ??
Cash position at 31/12/23 - under 2 quarters and expenses would ramp up leading to construction and production
Are you saying using construction loans to pay interest in arrears expenses.
This is not down ramping but serious concerns
IMO
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