KBL issued shares of about 3 m AUD to creditors. So, there are still 14 m AUD outstanding. In my view the arrangement with suppliers was mainly about postponing payments.
The notes are about 11 m AUD.
Quintana paid 23 USD (about 30 m AUD) upfront for the metal streaming agreement. Of course this is not exactly debt. But it's an obligation. Not very much metal has been streamed, so far. You might assume, that this obligation is in the order of magnitude of the initially paid amount, i.e. 30m AUD.
So, if you want to add the streaming obligation to the debt side of the balance sheet, it looks as follows:
creditors 14 m AUD
notes 11 m AUD
stream 30 m AUD
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total 55 m AUD
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All IMHO. DYOR.
KBL Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
