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Yes mate, SOI, and look, you could be right, 2.5b is possible,...

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beisha

733 Posts.

246

11/03/19

12:44

Post #: 37719311
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Originally posted by Big Kahuna 101: ↑

Was questions regarding the financing arrangements which I thought were quite ambiguous.
With the Convertible notes has the interest payment been capitalized into the USD$1.20 price (ie. repayment actually USD$6 mil at the end of the term)
With section vii. of appendix 2 - Conversion Pricing is this to be based as the higher of the two at time of conversion or the lower of the two? ie. has a floor conversion price been set?

@beisha I assume you mean 2.5 bil SOI not MC.

The way I see it we alreayd have 2.135 bil on issue with another USD$5 mil to be issued on completion of DFS (which should be this year) + if we get new financing set up I expect there to be fees to set this up to both the lender and 'advisers' + any fees payable in relation to the other acquistions + ongoing exploration and admin costs.... I personally think 2.5 bil is the minimum by end of year.

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Yes mate, SOI, and look, you could be right, 2.5b is possible, whats the diff in the end?

News flow is what I am here for, profit taking on the journey of a near term gold producer........

Lets see how it plays out, 10c is not a dream IMO

AIMHO
VEC Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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