And PNR couldn't wait to get rid of their Nebari loan so they had a $95mil equity raising to do just that diluting their shareholders and now they have 6.5bil shares on issue - I can guarantee you that KCN will pay a dividend long before PNR ever does.
We're borrowing initially just US$22mil(A$32.5mil) from Nebari at around 13.15%pa or about A$4.25mil interest/pa - unfortunately we don't know if we have early repayment options or whether we have to draw Tranche2 for US$13mil but we're still talking small amounts to get us basically to Sep/Oct this year and after that we shouldn't require any cashflow support which really isn't costing much in the scheme of things - just a small necessary insurance policy.
Ann: Kingsgate Financing Update, page-40
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Last
$1.34 |
Change
-0.020(1.48%) |
Mkt cap ! $341.5M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.35 | $1.33 | $147.2K | 110.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 5965 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 266 | 3 |
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| Last trade - 13.35pm 18/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |