“The debt is not held by sharks as bliimp alludes to, but is...

“The debt is not held by sharks as bliimp alludes to, but is held by AIS largest shareholder Special Portfolio Opportunity V Limited (SPOV) (a subsidiary of a fund managed by PAG) who holds 140 million AIS shares”

Seriously rocket973? Do some basic research instead of becoming the front-row cheer-squad leader of AIS, and stomping on any ideas and thoughts that may divert from your position. It is a fact, the Hong Kong based PAG is an "alternative" investment management firm that specialize in "distressed" debt.

Just a quick look at the recent AIS debt restructure ..... PAG lends AIS $30m over a 2 year term @ 12.5% interest rate, jumping to 15.5% if a repayment target is missed, together with a $5m arranger fee.

And checkout the $5m arranger fee is ..... $5m/$30m = 1/6th or 16.6% extra, say 8.3% per annum for the 2 year loan term.

In other words, a potential maximum interest rate is 15.5 + 8.3 = 23.8%.

Doesn't sound like a bank honeymoon rate to me!!!!!! It's the sort of interest rate many commercial real estate developers have had to pay in recent years to private 'shark' lenders due to the almost zero-appetite for commercial risk by the traditional banks.

Irrespective, all this will count for absolutely nothing once Torrens drilling commences; and if pay-dirt is hit, no-one will give a damn about AIS's or ARE's debt levels, tenements, projects or mines!