HAZ 0.00% 4.0¢ hazelwood resources ltd

hartleys backyard i hear?, page-36

  1. 65 Posts.
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    While I like the fact that they paid off the loan early, I don't think too much should be read into it.

    It was a 90 day loan - so it would have come due next week anyway.

    The next campaign would not be complete before the loan was due. So they couldn't put the money towards that. As they have no other use for the money, they might as well pay the loan off early and save a little interest.

    The announcement sounds like they are going to source another loan to fund the next campaign - hopefully under more favourable terms.
 
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