OTCPK:MGMXD - Post by User
Comment by
carinthianon Nov 26, 2014 4:18pm
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Post# 23167410
RE:4% less per year
RE:4% less per year
Ah ok, Beaty was the one giving them the revolver but the company still has the revolver - think they use this to build up projects and repay it with the project financing on the holding level (equity stake of the projects).
So I would not be surprised to see them taking money from the revolver again.
But of course you are right just working with the revolver interest rate vs. the financing for the equity stake of Shannen and Jimmie Creek would be much more expensive.
Best
carinthian.