* The lender? * The term - 2 1//2 years - so its short and I can't see how its repaid in that time (and the early repayment is a red flag given what I've seen recently) thus refinancing * Secured against what - is it non-recourse or not? * The interest rate parameters? * The amounts that can be drawn as additional wells are drilled (note it says "forward funding for the majority of the next 2 wells") * And its still conditional
And the biggest red flag for me is Canaccord Genuity (personal dislike given recent history).
Other than that good to know we removed a balance sheet stress item for the short term.
NSE Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held