RE:RE:RE:RE:Some Questions About RNXWombat, you continue to throw out irrelevant responses to my original questions, as if to confuse readers who might be interested to know what's really going on here.
You still have not indicated how many shares are held by insiders and by institutional investors. How much skin do insiders and big institutions have in this game?
You do not address the debts that come due this year.
From the recent presentation of January 2018 ...
Senior secured loan: US$9 million secured debt facility, repayments of US$0.4 million begin on March 31, 2018 with a final bullet payment of US$3 million on June 30, 2019; gold coupon of 115 ounces per month Senior secured nickel loan: US$3.65 million repaid by delivery of 372 nickel tonnes over a five month period beginning in March 2018 Senior secured copper loan: Remaining principal and interest paid by delivery of 300 Cu pounds per month until July 2018 (total of 2.1 million pounds)
Unsecured Debt: US$3 million unsecured debt facility, 12% annualized interest, repayments commence in November, 2017
Gold Facility: US$5.5 million in-process gold facility for higher grade material, US$4.0 million for lower grade material, and a US$1.5 million inprocess nickel facility Interest rate of LIBOR + 4.5% per annum Auramet purchases, at market rates, all gold and nickel from Beta Hunt during the loan term Copper Facility: US$5.0 million facility Interest rate of LIBOR + 4.5% per annum Auramet purchases RNC’s share of accountable metal content of Reed output
Working Capital Facilities:
Metal Prepayments and Debt Facility:
Convertible Debt Facilities: Waterton:
Pala:
US$10 million senior secured convertible term debt facility closed June 7, 2017 (10% annualized interest paid quarterly; bullet repayment at end of 4-year term) Convertible into shares of RNC at US$0.1912/share (to maximum of 75% of principal) or units of the RNC/Waterton nickel JV US$6 million unsecured convertible term debt facility closed December 14, 2017; US$3 million repayable in 15 equal monthly installments beginning January 2018 in either nickel tonnes or cash (at Pala’s election); remainder (US$3 million plus interest) due in March 2019 payable in nickel tonnes or cash or convertible into shares of RNC at C$0.2537/share; 14% interest payable at end of term.
Sorry, this does not cut and paste well.
I'm sure you can add this up to see that it's a lot of bucks owed to lenders this year, in addition to operating at a substantial loss due to high costs.
Pardon me for saying so, but you seem to be a newbie, both on this board and in Stockhouse. I see you joined just this year, and all your posts relate to RNX. So, all your comments seem a bit suspicious to me, as if you are a stealth promoter for RNX, because, otherwise, why would you not see my questions as legitimate and address them directly?
I have been with Stockhouse for many years and do not waffle around with others in this way.