This is a reasonable move. OGC is still capex heavy due to two major major mine development. And they need the money for sure. Martha needs to spin up asap.
OGC already owns quite a lot of debt. This is a close to market price forward sale, now they get rid of the concern of potential funding issues. This might unleash many buying power from the side line watchers.
- Forums
- ASX - By Stock
- Ann: OGC Enters Into $78.5 Million Gold Prepayment Arrangement
This is a reasonable move. OGC is still capex heavy due to two...
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)