RE:RE:RE:New board and what’s next?lumpy13 wrote: I agree that the overhead at NKL is way too high and could be cut dramatically. Royalty companies input on green mining is not necessary and likely ineffective, hence a waste of money. The miners have to focus on actions to implement green mining.
But if they could prepay the construction loan debt, their interest in Ramu would increase 30% (from 8%+ to 11%+). Although it has been asked numerous times, mgmt has never shared an analysis of what they believe the prepayiing loan would cost vs the increased cashflow and how shareholders could benefit vs the increased risks (for example, likely having to provide their existing shareholding as security).
Even with fees, my guess is the loan would probably be 10-12% pa.
For companies like this one, I fear the interest + fees and stuff, will look more like 20% at the moment.