Thursday 30 April 2015

PM Bolt-On: Largo Resources (TSX: LGO), as Anglo Pacific (APF) only may inform the market sometime later!

Largo has received counter-signed term sheet from its lenders for debt restructuring and extension on export credit facility. With the debt woes being "almost" dealt with, so TSX: LGO have deferred their debt amortization schedule and extended the maturities for the majority of their construction debt facility, and its export credit facilities. It bodes well for cashflow and the ability to repay the debts longer term, even in these depressed prices. Over to APF to gain some traction off the potential royalties...Atb Fraser

No comments:

Post a Comment