The Company has a market cap of $6 million and debt of $30 million, the prospective buyer has rescinded its agreement to purchase Forman Butte as they "are unable to arrange finance", the Company's current lender requires the debt to be repaid ASAP, and refinancing can only occur if the associated costs are removed. Can it possibly get any worse?
- Forums
- ASX - By Stock
- SSN
- Ann: Foreman Butte Project Update
Ann: Foreman Butte Project Update, page-5
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)