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Where do you think a good chunk of that 40 mill will end...

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Facthunter

11,986 Posts.

815

31/10/16

13:20

Post #: 20250737
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Originally posted by sensible123 ↑

Seems to be over the top on the finance deal with OCP in current low interest environment.
I would have thought the 8 % interest is very generous, the 2 % establishment fee and the 40 million 3 year option is a rip off.
Is the loan to GXY is that risky (close to production)?????? that attract the high premium, where are the local banks when we need
them. Any financial guru that can shed some light on this.

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Where do you think a good chunk of that 40 mill will end up?certainly better than tipping your own money in.

GXY Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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