Bushveld Minerals Ltd (LSE:BMN)
£ 0.008 0 (0%) Market Cap: 18.49 Mil Enterprise Value: 88.54 Mil PE Ratio: 0 PB Ratio: 0.30 GF Score: 0/100

Bushveld Minerals Ltd Special Call Transcript

May 05, 2023 / 11:00AM GMT
Release Date Price: £0.041 (+13.10%)
Operator

Good day, and welcome to the Bushveld Minerals Conference Call. At this time, I'll turn the call over to your host today, Mr. Fortune Mojapelo, CEO. Please go ahead, sir.

Fortune Tsepo Mojapelo
Bushveld Minerals Limited - Co-Founder, CEO & Director

Thank you very much. It's a good afternoon to you all, and thank you for joining us for this call. As usual, I have with me today our Group CFO, Tanya Chikanza, who will be supporting me in this call.

We are pleased to be announcing today the conclusion of our discussions with Orion and the agreement to refinance the $35 million convertible loan note plus accrued interest of approximately $10 million that was due later this year. As you may well recall the convertible notes, together with the accumulated interest would have come due in November of 2023.

As I mentioned in today's announcement, we believe that the new structure removes significant near-term balance sheet pressure and resolves this material liability that became current in 2023.

In a nutshell, the approximately $45

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