@LD99 Thank you so much for the information. I was a little concerned about the 30 mil Wingate facility at an interest rate of 15% secured by first mortgages over the consolidated entity’s assets. If AUD$6,000 per tonne margin is achievable, they will generate about A$45 mil gross profit from Apr to Dec 22 , adequately covering their corporate overheads (around 11 mil per annum excluding finance expense and depreciation) and debt repayments as tabled in the Remaining Contractual Maturities for their financial instrument liabilities (ANNUAL REPORT DECEMBER 2021 Pg 80), leaving around 15 mil for exploration and or some buffer for unforeseen obstacles. This is very reassuring.
AR1 Price at posting:
17.5¢ Sentiment: Buy Disclosure: Not Held
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