possible umiat drilling program, page-7

I wonder if they cashed that tax credit with Apollo because Exxaro is a bit behind the original schedule on the licence payment...

No mention of the fee Apollo took for that transaction but maybe $4.7m for apollo would square it up with the Exxaro payment of $20m?


Looked into who Apollo is - they operate globally and have an office in Singapore.

QUOTE Our portfolio is comprised primarily of investments in subordinated debt, sometimes referred to as mezzanine debt, and senior secured loans of private middle-market companies that, in the case of senior secured loans, generally are not broadly syndicated and whose aggregate tranche size is typically less than $300 million
ENDQUOTE

Do we know who purchased the convertible bonds? Was it Apollo per chance?

Was the cashing in of future tax credit an interest payment on the bonds maybe?