TER

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21.0¢ terracom limited

Ann: Refinance Program, page-52

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01/07/21

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Post #: 54192329
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Originally posted by w1londongroup: ↑

The new facility provides for up to US$215 million (A$286 million) in funding, with fixed interest up to 9% per annum over seven years.TerraCom noted the new facility will offer savings of around 4% per annum.“The company wishes to formally acknowledge the incoming debt funder for their time and effort to brief the current bond holders on the status of the refinance program which was instrumental in obtaining the extension of time,” TerraCom executive chairman Craig Ransley said.“The continued support from the company’s current bondholders has been well received and we look forward to working with both our current bondholders and incoming debt funder throughout the course of the next four-to-six weeks to finalise the refinance program,” he added.Coal production and salesDuring the June quarter, TerraCom said its Blair Athol coal mine has continued to “deliver superior operational results” under its owner operator model.About 675,000t of coal is expected to be sold in this period from Blair Athol, with the product attracting US$90.5 per tonne (A$120.3/t) under the most recent fixed priced sale.With TerraCom’s reduced cost base of A$60/t of coal produced, the latest sale price represents a margin over A$50/t.Meanwhile, at the company’s South African operations, sales have continued at pre-Covid levels, with the May 2021 delivered domestic tonnes of 465,000t above the year-to-date monthly average of 448,000t.Despite COVID-19 challenges, TerraCom expects to sell about 9.3Mt of coal for the 2021 financial year from its various operations in Australia and South Africa.

ok so 9.3m tonnes over the next 12 maonths. Let’s say coal remains stable. $30.00 blended rate profit from tonnes produced. $279m net profit after most costs. Wow! That’s massive. Also I have been informed from my “water fountain” that they aim is move to 20m tonnes PA. So this is massive upside as of today.

this is such a great outcome that I may double down now if I can buy any without the price jumping.

Congratulations to the shareholders that have kept the faith and very best of luck to everyone

looks out for W1 in the future ok.

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The SA margin is about $5/t. That drags the average margin down to about $20, not $30.

Yes, that's still substantial net profit.

TER Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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