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160 Posts.
3
10/01/14
15:13
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Blumont is the DML's largest share holder by investing about $8M @ 0.12 per share just a couple of months ago.
Lately, Blumont received US$30M loan facility.
If they draw down full amount they have to pay:
Facility related fee and interest --- US$5.05M
Upto 6th Jan. they draw down --- US$4.5M
(invested $2.5M including $1.5M payment to RES.
and used $2M for working capital)
Blumont still has the remaining loan facility of US$20.45M
DMl's 15 january payment is safe if no other invester jump
in this 'BATTLE' of take-over.
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