DML discovery metals limited
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hair cut?

  1. CL27
    2,551 Posts.
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    01/04/14
    18:59
    Post #: 13201847
    Are the lenders taking a hair cut on on their loans?

    The announcement reads that ALL loans will be discharged in FULL for a consideration of USD 65 mil plus 500 mil DML shares. All up thats about AUD 96 mil

    Therefore if the deal goes ahead the only debt will be the new notes for USD 100 mil with a service annual cost of 10 mil in interest.

    Compare that to the current loan balance and repayments of principal and interest and the new deal looks pretty attractive.

    Holders need more information on this deal

    btw I did buy some
    DML Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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