cmmcjust refinanced 250 mill u.s. at 8%. I believe that is 1 higher than tko did, which makes sense as bonds and other loans are slightly higher.
The 400 mill u.s. bond deal was a feather in there cap 4 sure.
But until flor is fully permitted, the extra cash is just a 10 million per annum liability.
Cmmc says they will tripple output within 5 years.
Tko could expand gib to 120 plus million pounds there share.
Upsize flor for 125 million and tgat is 2.5 times expansion in 2 years if we get a flor permit.
nf