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Australian article re Hancock, page-143

  1. Justadabble
    9,228 Posts.
    lightbulb Created with Sketch. 3144
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    18/06/24
    08:02
    Post #: 74361385
    Agree re tranche D, expires 31/12/24, the purpose for the facility has passed, ie SE2/3 drills, expect this to expire undrawn unless renegotiated. Do we get our $12M establishment fee refunded?
    Facilities A-C will expire on 30/6/25, and principal repayments are being made in line with debt being repaid in full by maturity.

    Agree, the $80M facility is clearly indicative, and I don't anticipate any movement until W7 test results are known, and SE FID occurs.
    STX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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