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arjay

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10/08/20

16:31

Post #: 46431041
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Originally posted by Jagdarwin ↑

AJM...The refinance for the niegbour has obviously rattled the cage a little. Saying that COH is slim so with interest repayments due it potentially can be seen as 2 dogs about to bite each.

I’m leaning towards better terms ( not so low as the neighbour, possibly 7-10% range) with August interest repayment being added to the overall loan potentially with some extra working capital in the mix to start the lithium and gold exploration for other tenements.

I won’t go as far as to include stage 2 yet as I think another review of ‘The arrangement’ will be in order again as demand and sale price will both have increased. Saying that it’s no good sitting in the side line waiting for demand to increase and miss the boat waiting for construction and upgrades of the plant so maybe a 1 year interest free period during the upgrading of plant added to the overall loan amount and payable once product from stage two is bought to market.

Production and sales guidance from PLS indicate they will be back in full swing this quarter, so I’m gathering the demand is increasing....IMO

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I doubt it is refinancing as the announcement suggest that its an update regarding its current arrangements with lenders. Some payment is due hence I believe it's just postponed or something...

Should be straight forward with an announcement tomorrow morning unless extended like last time and refinancing comes in to picture...

They have been talking to Azure according to the last Q. Hence I think it's not refinancing..

All IMO
Arjay

AJM Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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