I noticed the ann said "expected sources and uses of funding", so I assume that they haven't finalized the finer details of the transaction yet....
I would think that a better way of doing the deal might be to first get an Overdraft Facility of $50 to cover any day to day running costs. Then pay FMG ALL the cash we have on hand ($90M??), add in equity raising ($60M) and then we would only need a loan of $40M to make up the $190M needed.
That $40M could then be paid off super fast with the new 75% profit take on the increased 6MTA turnover - we could be debt free in 6 months!
Through a little inventive accounting, we could make considerable savings because the interest we would pay on the $130M loan would be a LOT MORE that what we receive on our cash-in-bank. Hopefully, this method would also reduce the astronomical "$5 MILLION transaction costs" that have been added.
i don't want to winge but...
Add BCI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.0¢ | $861.7K | 3.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 117457 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 50173 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |