fact is covenants and especially financial covenants are in breach - fact.
so if the case, means companies financial strength not there or improved, which would mean has a cost to renegotiate said loan facility.
AJMs best hope is to find a new lender, but with current standing can’t see improved terms even for a new financing.
Doesn’t look good and if a CR needed shortly will only IMO further put AJM over “distressed” status (distressed loans per financial terms and they trade in in the secondary loan market as in HY (high yield), double digits as in yield.
- Forums
- ASX - By Stock
- Ann: Changes to Loan Note Facility
fact is covenants and especially financial covenants are in...
-
-
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.0¢ |
Change
0.001(3.45%) |
Mkt cap ! $8.123M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.9¢ | $8.343K | 285.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16893 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 89997 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16893 | 0.029 |
1 | 10000 | 0.028 |
1 | 61938 | 0.027 |
1 | 111148 | 0.026 |
4 | 165000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 89997 | 3 |
0.031 | 81000 | 3 |
0.032 | 92168 | 2 |
0.033 | 378549 | 3 |
0.034 | 281138 | 2 |
Last trade - 15.56pm 01/10/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online