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Walkabout Resources Secures US$25 Million Loan Agreement with Gemcorp Investment Committee — ASX:WKT| ASX Mining News & Discussion
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Lykeshares Official
$WKT Walkabout Resources Secures US$25 Million Loan Agreement with Gemcorp Investment Committee
Perth, Australia - Walkabout Resources Ltd, a leading mining company, has announced the execution of a final loan agreement with Gemcorp Investment Committee. The US$25 million senior debt facility has a fixed interest rate margin of 14% for the first tranche of US$20 million and 16% above the Secured Overnight Financing Rate (SOFR) for the final tranche of US$5 million. Walkabout Resources can access the facility until March next year, with the first drawdown expected to be available shortly to pay off initial construction funding for the Lindi Jumbo project.

This loan agreement represents a significant move for Walkabout Resources, as it will allow them to avoid equity dilution, providing benefits to shareholders over the medium to long term. The senior debt facility spans three years, with Gemcorp entitled to a percentage of free cashflow after debt servicing for the agreed period. This financing structure reflects Walkabout Resources' commitment to ensuring ...
Walkabout Resources Secures US$25 Million Loan Agreement with Gemcorp Investment Committee

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?