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It is a $2.5mill facility that can be drawn down at any time at...

  1. coppa1
    14,055 Posts.
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    11/09/14
    15:01
    Post #: 13960133
    It is a $2.5mill facility that can be drawn down at any time at a 15% discount to the 5 day VWAP so this may go on for a fair while.

    Totally controlled from now until the facility is no longer needed and I thought that 200k ramping up to 500k a month would have given the company other options.

    Maybe they will only need a few more draw downs but it looks like it may well be a ball and chain to the sp for a while
    NSL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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