Royal Oak-RYO Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Royal Oak-RYO

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Al Cern who wrote (859)	3/29/1998 9:38:00 AM
From: Thomas P. Talbot	Read Replies (1) of 1706

I understood the deal to be a bridge loan of 120 million over two years with 11.9% interest rate. This comes to about 14 million a year not 70 million. Further, 44 million in debt is being retired. Per G. Eacott under the new arrangement there will be 48 million C$ in interest cost and 54 million C$ in revenue. Of course increased forward selling can add to revenue when the mine is going. Refinancing will be easy once the mine is up and running with the way the banks are groveling for a secured yield. Just look at the 125% mortgage refis. 120 million is only about a third the value of Kemess.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next