Hang on a second.
It doesn't seem like anyone actually read the terms of the debt facility properly. The facility is not guaranteed unless certain conditions are met.
The most important information is always included at the bottom of the release, so you need to read it backwards.
So the debt facility actually depends on them proving that Kathleen Valley makes money, and they have until July 31 to submit the updated mine plan and financial modelling. This gives the lenders an "out" if the modelling fails to establish this.
If the debt facility gets pulled again, then it's back to the market for another equity raise.
Hang on a second.It doesn't seem like anyone actually read the...
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Last
$1.26 |
Change
0.018(1.41%) |
Mkt cap ! $3.042B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.24 | $4.047M | 3.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 163111 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 554067 | 64 |
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| Last trade - 14.12pm 07/05/2024 (20 minute delay) ? |
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Last
$1.26 |
Change
0.018 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.26 | $1.24 | 1332226 | ||
| Last updated 14.31pm 07/05/2024 ? | |||||
| LTR (ASX) Chart |