AIS 0.00% 23.0¢ aeris resources limited

Ann: EXTENSION OF DEBT FACILITIES, page-4

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  1. 2,247 Posts.
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    Think with a cool mind. AIS did have funds to pay its debt on or before 31 March 2020. So, where it would arrange money on or before 31 March 2021.

    All interest payments capitalization would mean AIS current financial situation shows its inability to even service interest payments on its debt.

    This is nothing but alaming to each and every AIS investor.

    It seems AIS is buying time to go for a major capital raising in coming months.
 
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