KCN 1.25% $1.62 kingsgate consolidated limited.

I would guess US$750k for the extra three months but I don't...

  1. 10,477 Posts.
    lightbulb Created with Sketch. 2081
    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.
    https://hotcopper.com.au/data/attachments/6267/6267828-1632cdee3e7d7196af71ab3fad80ac3f.jpg

 
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