The loan is for $200,000 at 10% pa payable by 31 Dec 2020 [roughly 6 months time]
So the interest payable on the loan is $10,000
So a capital raising for $210,000?
If production from Rex 3 ramps up and a date is fixed for Rex 4 drill then SP improves to 1 cent?
There are 87, 500, 000 WBEO if they were exercised they would raise $875,000
Why would you not go this option rather than a capital rising?
Ann: Rex-3 Upgrade, page-6
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