I would guess US$750k for the extra three months but I don't think it'll work like that. It'll be a totally new agreement for ~US$30mil for the next six months and cost around US$2.5mil(A$3.8mil) in interest and charges at an effective interest rate of 16.67%pa.
And it wouldn't surprise if KCN has already drawn part of or all of the extra US$16mil during June as they're cash strapped. It always amazes me how they leave it until the very last moment to raise funds - it seems they don't realise all the funds are gone until they start digging into the $13k in the Petty Cash tin.
I would guess US$750k for the extra three months but I don't...
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.37 | $1.34 | $367.6K | 272.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 1462 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |