Pantoro has held the loans 12 months at the end of financial year at which time the Term Loan can be paid out.
SOFR ( which is currently around 5.3% ) + 8% = 13.3% which is expensive money.
I agree the CR announcement may have come from left field for most ( & me ) but it is what it is … the most important point is if they can leverage value from raising money … debt free, increasing production and profits which may drive a much better market valuation.
Ann: Trading Halt, page-38
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Last
10.0¢ |
Change
0.001(1.01%) |
Mkt cap ! $645.4M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.3¢ | 9.8¢ | $2.657M | 26.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 629172 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 188308 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PNR (ASX) Chart |