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8.2¢ alita resources limited

As I understand the stamp duty should be included in the total...

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Xjquan

94 Posts.

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18/03/19

18:50

Post #: 37801770
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Originally posted by sydneyguy: ↑

Hello

I think you will Find the 32 m liabilities includes the first 20 m in loan from tribeca which had to be reclassified following a default resulting in negative working capital - as the default has been waived it will be reclassified back to non current liabilities later

It does say that further aquisitin costs like stamp duty are still To come in the the following 12 months- refer to going concern statement

Should also be noted that they need to keep 5 m in cash on hand to keep within loan covernants

In relation to interest rates- imo you must add all the fees to get a real interest rate - take a look at the costs associated with loan( first 20 m) last quarter - huge - when you add the facility fee which is paid upfront and the maturity fee it’s higher

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As I understand the stamp duty should be included in the total 12M merger cost, it's just that it's not paid yet, thus will be reflected as cash outflow in the subsequent quarters

A40 Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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