“Why do you call it a prepayment? It's not 'pre' it's a 're' payment.”
Just facts from the quarterly.
“The Company had A$37.1 million in outstanding debt at 30 September 2017. During July, the Company made a voluntary prepayment of $2.8M toward its debt facilities. The Company has appointed financial advisors who began engaging potential financiers with a view to re-sizing and re-profiling the current debt facility. The Company has had strong interest in the financing of the Expansion Plan. The robust economics and 1.2Moz reserve announced with the Expansion PFS have helped discussions with potential financiers. This re-financing process is well advanced.”
Maybe they got the wording wrong and you are right? Happy to be corrected if you have alternative information.
BLK Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
