1. Most Discussed
  2. Gainers & Losers
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Join HotCopper today

    HotCopper is the largest stock market forum in Australia with over 250,000 registered members and more than 6,000 posts per day. Membership is FREE. Join now!

PEN 1.7¢


  1. Autosime

    11,336 posts.

    I know one should ask these questions before investing but I ma doing some research to see whether I continue to build my position in PEN

    a couple of questions
    I note PEN has a sales agrrrment with a US utility valued at 80m . Do we know the terms of that agreement, eg U price, quantity that forms part of contract

    outside the blackrock funds, were will the funds to construct the mine be coming from?

    sorry folks, I am hoping somebody can assist

  2. frogga

    1,549 posts.

    This should help:


  3. buc

    4,136 posts.

    Happy to help Autosime

    Lance Project Funding

    Pre-Licence Construction Funding

    • $22m in senior secured notes from BlackRock for pre-licence construction

    • First drawdown occurred in October 2013

    • Notes have a coupon of 11% Debt

    • Approx. $50-60m in senior debt planned

    • Discussions on senior secured debt facility underway with shortlisted banks:

    – Behre Dolbear (USA) has completed technical Due Diligence for banks

    – Expected completion in Q1 2014

    • Secondary debt discussion with 3 financial groups - Note BlackRock has first right of refusal on further notes Equity

    • On debt closure and final permitting, planned rights issue for $20-30m to existing shareholders

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.