I have a few questions that hopefully someone more knowledgable than I can answer..
1. Why did PDN give $60mil (US$63,834,000 to be exact) to Deutsche Bank from the $115mil raised from the new note holders only to be then used as a debt facility??
- is it to offset interest from the new notes??
2. Why is there $120mil debt now, where did the extra $5mil come from?
3. The presentation is stating there is $50mil cash but the annual report is saying there is only $39,166,000?
4. Wasn't all debt extinguished from DOCA?
Why is there still an interest bearing loan from CNNC??
- Didn't/don't they owe PDN 25% running costs of LHM?
Hey @rigormotis
I have read some of your older posts on PDN and some I wouldn't mind reposting (post outcome of DOCA), you might be able to answer some of these questions if others here can't.
Thanks
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