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Another view on the loan up to 34 million
#1

We have preciously discussed the loan whit a max of 34 million with an expiration date of 8 january 2019.

Is it not the case that up to 8 january 2019, NUS can ask for loans till 34 million (under the condition mentioned).
And therefore does not have to repay the full amount on 8 January 2019.
Otherwise I do not understand the following: which shall bear interest at 8% per annum, payable bi-annually in arrears.

This would seem more logical to me, but I do not know much about this.

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#2
You're not the only one. I think the loans are due for repayment Jan 8th. DSMF doesn't expect they'll be paid back by then, so they've already set terms.
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#3
Of course, Nautilus can not pay the debts back at the beginning of next year - two years later, with production running at 100%, that should not be a problem...
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#4

'seabedmining' pid='82157' datel Wrote:Of course, Nautilus can not pay the debts back at the beginning of next year - two years later, with production running at 100%, that should not be a problem...
  The PEA was not that positive.  Copper prices are falling, but just last month they were rising.

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#5

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