HAV 4.76% 22.0¢ havilah resources limited

Yikes!Have a look at the Investec interest rate margin in...

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  1. 1,322 Posts.
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    Yikes!


    Have a look at the Investec interest rate margin in Section 8.4!


    Overdraft facility with NAB of $0.500 million at a business lending rate of 3.835% plus a customer margin of 2.2% (Secured)#


    Standby facility with Investec $6.000 million at a base rate of BBSY plus a margin of 8% (Secured).##


    ICYMI from 2018 AR:


    # Subsequent to 31 July 2018, the Group obtained a bank guarantee and overdraft credit facility with National Australia Bank secured by a $1.000 million mortgage over Kalkaroo Station  [Note 16]


    ## Havilah Resources Limited and its subsidiaries, Kalkaroo Copper Pty Ltd and Mutooroo Metals Pty Ltd, will provide guarantees insupport of the Facility [Note 41]


    They've mortgaged the farm!


    REMINDER: For your vote to be effective it must received by 10:00am (Adelaide time) Monday 10 December 2018.


    https://hotcopper.com.au/data/attachments/1377/1377717-ff03fc9c9d42bbb6d8fa48f732fcc923.jpg


    DYOR

    Last edited by Guerilla: 07/12/18
 
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21.0¢ 22.0¢ 21.0¢ $36.43K 170.1K

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