@raskolnikov
@gamefisherman do you know what the debt structure and how much for MDL? i can't find it... has been a nice chart.
Hi rask, good to hear from you. I have done some more DD and the details are as follows according to the 1Q 17 Quarterly
As at 31.3.2017 MDL had no debt and a cash balance of $US14.9Million
Corporate:
Cap Raise Successfully Completed, raising gross proceeds of AUD $39.2 Million
Subsequent to the completion of the raising, 196,985,649 fully paid ordinary shares are on issue
ERAMET debt repaid
As at 31.3.2017 MDL had no debt and a cash balance of $US14.9Million
plus Credit Swisse just increased their holdings in MDL from 6.60% to 7.73% as announced to the market on 1.6.2017
MDL has a 50% equity investment in TiZir Ltd (TiZir) in partnership with ERAMET of France
As at 31 March 2017, external borrowings (excluding shareholder loans) by TiZir amounted to US $342.8Million, comprising the senior secured bonds (including accrued interest) due September 2017 and amounts drawn under TTI's and GCO's working capital facilities.
In relation to the abovementioned senior secured bonds, TiZir is continuing its work on its refinancing options
TiZirs cash at 31 March 2017 was $US $9.9Million, giving external net debt of US $332.9Million
Here is the link if you need more info :
https://hotcopper.com.au/threads/an...review.3384231/?post_id=24291345#.WTOsIMYlGUl
PS Am going to re-enter it in the comp as my current entry expires tomorrow 5.6.2017, was surprised it hadnt broken out yet
View attachment 600792
Please DYOR as this is not a buy or sell recommendation
Cheers
GF
