so can you confirm it is a line of credit loan and there is no penalty for KCN not drawing on the loan apart from that 2.5% per annum line fee charged against the undrawn amount of the loan?
if it is, indeed, a backup loan to be used should KCN find it needs to draw on it in an emergency or for any other excellent reason, then this loan is good.
Is it a bit like the line of credit on the Mastercard with a pre-approved amount of money that can be borrowed?
And this loan has no stipulation on why the funds may be drawn ? for instance, if KCN wanted to buy back a handful of shares, they could,using money from this loan…if they wanted to?
….
KCN sure is a problem child…. When will we ever get to the other side and out of this hell!
Ann: Debt Facility, page-24
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.35 |
Change
0.000(0.00%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.40 | $1.34 | $248.2K | 182.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18874 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 9997 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |