They announced that USD100m revolving credit facility on the 13th of July 2018.They said:
"The rates, fees and terms agreed for the new Facility are highly competitive and provide Resolute with access toflexible growth capital at an attractively low cost."
On 12 of July 2018 they released:
"Production and cost guidance for FY19:
• Gold production forecast to be 300,000oz
• All-In Sustaining Cost forecast to be A$1,280/oz (US$960/oz)
• Capital expenditure for growth projects at Syama Underground and Ravenswood Expansion Project expected tobe A$150m (US$112m)
• Exploration budget set at A$21m (US$16m)"
Wouldn't it be fair to assume that a lot of that A$150m has been allocated in September and December quarter hence RSG drawing on that facility?I don't know, just trying to make sense of it all.
I definitely hope you and Colin will be proven wrong but I wouldn't say for sure that you are wrong.
This is only in my opinion, not offered or to be taken as financial advice, DYOR
They announced that USD100m revolving credit facility on the...
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