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
- Forums
- ASX - By Stock
- Ann: Term Sheet for US$10M Prepayment Facility
Hey mate, the 20,000oz is the offtake portion of the facility,...
Featured News
Add VTX (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.822M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 8.0¢ | $4K | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 75477 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.079 |
1 | 64913 | 0.078 |
1 | 20000 | 0.076 |
1 | 42855 | 0.070 |
1 | 100000 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 75477 | 2 |
0.084 | 10206 | 2 |
0.086 | 31248 | 1 |
0.087 | 150000 | 1 |
0.088 | 2654 | 2 |
Last trade - 11.02am 19/06/2024 (20 minute delay) ? |
Featured News
VTX (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online