EMR extended the loan facility from $13M to $16M on March 12th
BZ have drawn down $13.7M to date, $12M of which has been drawn down in 2024 - so quite a ramp up in costs.
Once the offer has closed - BZ will undertake a fundraising to pay back the $16m as well as fund ongoing drilling and exploration activities and working capital requirements.
No more loans from EMR, paid back in arrears - time to raise funds in advance now (as well as pay back the $16M borrowed) And I'm assuming that will be done by issuance of new shares (and dilution of non EMR holders who don't take up their rights). Last fundraising was 1 share for every 21 held, at 29c per share,
Ann: Third Supplementary Target's Statement, page-2
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Last
$3.69 |
Change
-0.090(2.38%) |
Mkt cap ! $2.415B | |||
| Open | High | Low | Value | Volume |
| $3.80 | $3.83 | $3.66 | $7.099M | 1.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32985 | $3.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 1959 | 2 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$3.70 |
Change
-0.090 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| $3.79 | $3.82 | $3.65 | 239524 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| EMR (ASX) Chart |