Replies to post #995 on Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

The perpetuals never come due. That is the point. The cap is @ 15 points.

USD150 million to bank/note holders

USD45 million to QGX

*cumulative/deferable

*zero on issue to 5 points...if need be...10/15 points(capped)


It's essentially preferred equity that can not be converted by the holder. The restricted stamp never comes off. Look @ China's use of such :)

...eh?

They need to be generating at least 5x that amount to be in a position to pay off the debt

Do you think the debt holders are concerned?