hiya guysLoan deals, Jabiru-1 launch critical for NewSatgood...

hiya guys

Loan deals, Jabiru-1 launch critical for NewSat

good coverage in the Fin Review today (near half of page 32) by Brendon Lau who also holds Newsat shares.

What happens this month will either send NewSat’s share price crashing down to earth or rocketing higher as Australia’s only satellite communications company approaches a critical milestone.

Shareholders are likely to find out this month whether NewSat will be awarded $230 million plus worth of export financing through the United States government-run Export-Import Bank (Ex-Im Bank) and the French credit export agency Compagnie Française d’Assurance pour le Commerce Extérieur.

Securing the soft loans will spark a re-rating of the stock as it will provide two-thirds of the funds needed for the launch of Australia’s first satellite, Jabiru-1, sometime in the December quarter of 2014.

http://afr.com/p/technology/loan_deals_jabiru_launch_critical_8yYCm7ZkNkw3HMhI2rVLzH

cheers billdah