A40 0.00% 8.2¢ alita resources limited

Ann: Consolidation of Financing Arrangements, page-59

  1. 13,071 Posts.
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    firstly , re read all my comments, I made it clear that they have taken on debt that is not materially cheaper on a comparative rate basis when you add in the the facility fee, maturity fees.

    End of day Net Debt increased 7 M , refer to the actual announcement

    Calling it like it reads.

    have you read the accounts?

    https://links.sgx.com/1.0.0/corpora...e350b40ab737d3fa8d2a157e3f4355a90e16a87360bbd

    did you know that they breached the covenant for the first 20 M loan in DEC?, but after agreement the breach was waived. following that they suddenly restructured their loans with one consortium.

    Did you know that missing production targets by 3% can now breach the secured loan?

    Maybe that's part of the reason they consolidated their loans to one consortium, because it surely was not done to save interest expense


    As for who I am, dark clouds yada yada, that's not in the accounts or announcements which Im trying to discuss
 
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