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re: Ann: Financing Documentation Finalised fo... Thanks JIDIn...

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  1. loki01
    10,469 Posts.
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    15/03/10
    14:13
    Post #: 6449513
    re: Ann: Financing Documentation Finalised fo... Thanks JID

    In relation to the hedge, I thought that it is normal for the hedge terms to form part of the MacBank loan conditions. I think that is how they did it recently in relation to ADU's loan. ADU is now building its plant and plans to be in production in the first half of 2011. When NGF got a loan from Lehman Brothers, a condition of that loan was that NGF hedge a portion of its production until mid 2012.

    loki
    EVG Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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