Hey mate, the 20,000oz is the offtake portion of the facility, with Vertex being paid for it minus a small deduction so Ocean Partners can clip their ticket one more time.
I was also a bit confused about the wording in the announcement as it does read like the 20,000 is the cost of the prepayment but I emailed the company and they confirmed the 20k Oz gold is at the London Bullion market association spot price minus a small discount.
It would be the worst funding deal I've ever seen if it actually was $10mill for 20,000oz of gold and that's before you add the interest and costs etc.
Cheers
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- Ann: Term Sheet for US$10M Prepayment Facility
Hey mate, the 20,000oz is the offtake portion of the facility,...
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13.0¢ |
Change
0.020(18.2%) |
Mkt cap ! $17.42M |
Open | High | Low | Value | Volume |
11.0¢ | 15.0¢ | 11.0¢ | $229.3K | 1.740M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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13.5¢ | 71108 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 37567 | 0.125 |
2 | 92284 | 0.120 |
2 | 100800 | 0.115 |
2 | 200000 | 0.110 |
2 | 300000 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 90503 | 1 |
0.140 | 150000 | 2 |
0.145 | 88079 | 2 |
0.150 | 155000 | 3 |
0.155 | 70000 | 2 |
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