GOR 1.28% $1.58 gold road resources limited

Can anyone explain this "The Company is required under the...

  1. 2,464 Posts.
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    Can anyone explain this

    "The Company is required under the margin facility to lodge A$1 million as cash security for every A$1 million the mark to market difference exceeds A$15 million. The facility is otherwise unsecured with a negative pledge condition." ?

    I can't read beyond the letters. Not exactly sure how the premium works. Thanks.
 
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