Finally some detail on the Aneth and Grieve financing .
For me the main point derived is the significant principle repayments for Aneth and Grieve debt... It appears the initial terms require the Grieve debt to be paid off in three years, and Aneth to be paid off in four years.
Required principle repayments of $10 million in 2018, $44.7 million in 2019, and $44.7 million in 2020.
Brad has mentioned that their aim is to refinance on significantly better terms by late 2018 with a lower interest rate and extended amortisation period.
IMO it may take the refinancing to be completed before ELK is re-rated, which is probably 12 months away.
