Monty,
What your analysis misses out is this:
Based on your cost analysis of $90m, they are geared to 50%. Once they can shore up a bit more confidence from teh banks, the gearing will normally go up to 70%.
They will never need to tap the markets again, but I don't think it is as much as you have estimated. There is a sliht chance they may be able to fund the remaining through debt, but IMO, it is unlikely. I expect them to tap the markets again in Q4 this year or Q1 next year. In another post of mine, I mentioned I have pencilled in November, but I have no evidence to support this.
psyber
- Forums
- ASX - By Stock
- millennium development looks marginal at best
Monty,What your analysis misses out is this:Based on your cost...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MOY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online