GREY:NMKEF - Post by User
Comment by
phantom666on Oct 03, 2019 4:01pm
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Post# 30193492
RE:google translate
RE:google translate
mgirl and biggor do some reading first..."Since the proceeds were held in a trust account and the corporation could not access them at this stage, the set-off and related prescribed reimbursement of the bonds has certain positive implications for the corporation in the short term by allowing it to save payment of interests on the bonds. The savings on interest, coupled with the capacity to eventually use the $40-million of cash and cash equivalents that is sitting in a cost overrun account required under the bond terms, will allow us to continue advancing the project while we carry on our discussions and negotiations to attain a more suitable capital structure in light of the actual market conditions.