AML aeon metals limited.

Is the OCP Loan going to Bankrupt AML?

  1. 392 Posts.
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    Came across this stock.

    First thought was, wow amazing resource, capex from SS is high, but should be able to worked down..

    Then i read their report...

    24M debt at 12%... to their 44% shareholder..


    Considering that's half their market cap, barring a LTR level rate upwards... um, how do the board plan to repay this?

    Nevermind the obscene 12% interest rate.. they'd have been better off cap raising even with the dilution it brings..

    Is this stock going to be bankrupted by OCP and taken private?
 
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Currently unlisted public company.

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