BC8 2.78% 37.0¢ black cat syndicate limited

Another box ticked. I'm glad China was there for the first con...

  1. 12,197 Posts.
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    Another box ticked. I'm glad China was there for the first con note in hard times. I am thrilled that the company pursued independent funding/debt as a precaution. That was a great move considering the potential delays in dealing with slow unreliable governments. Sundy was given an extension and that wasn't enough in the end. No doubt they could see the writing on the wall with the new placement at 27c.
    The new funding package has allowed the company to get ahead of the curve at Paulsens. If they did not pursue this new funding option, BC8 might be in a very different position. The bonus of Kal East coming online next year will help smash the debt anyway imo. Go the Cats. dyor
 
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