Then they will have to raise more money to pay for the hedge which of course then limits their upside if the gold price did go up. The more debt the longer the payback the more hurdles and cuffs the banks will put on them. The project is 3rd rate and any funding terms will be onerous. Having to raise at least 3x their current mc is not going to be easy. Can anyone here name a company that has done exactly that to fund a project similar to this? The market capitalisation and thus the share price reflects that.
Then they will have to raise more money to pay for the hedge...
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Last
$6.41 |
Change
-0.080(1.23%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.60 | $6.35 | $5.091M | 793.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2857 | $6.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.41 | 1389 | 1 |
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