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    LIN   AU000000LIN6

LINDIAN RESOURCES LIMITED

(LIN)
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Lindian Resources Limited Secures $300,000 Loan Facility from Kabunga Holdings Pty Ltd

10/21/2021 | 05:20pm EST

Lindian Resources Limited confirmed that it has secured a short term loan facility ("the Facility") for $300,000 on an arm's-length basis from Kabunga Holdings Pty Ltd, a company associated with Chairman Asimwe Kabunga. The unsecured loan is for a period of two months maturing on 21 December 2021 at a rate of 7% per annum (non-compounding) with interest payable at maturity. Given Lindian's low monthly cash burn rate, the Facility gives the Company the necessary financial flexibility in the coming months to continue advancing its three bauxite projects in Guinea. Interest from third parties including in-country bauxite mining and aluminium companies as well as traders and other off-takers remains encouraging and a range of project development strategies are being pursued.


ę S&P Capital IQ 2021
All news about LINDIAN RESOURCES LIMITED
11/25Lindian Resources Raises $720,000 for Mining Projects
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10/21LINDIAN RESOURCES : Secures Loan for Advancing Guinea Bauxite Projects
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10/21Lindian Resources Limited Secures $300,000 Loan Facility from Kabunga Holdings Pty Ltd
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09/29LINDIAN RESOURCES : Annual Report
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09/29Lindian Resources Limited Reports Earnings Results for the Full Year Ended June 30, 202..
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09/28LINDIAN RESOURCES : Malawi Court Sets Date for Lindian Resources' Appeal Related to Kangan..
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09/27Resource Base Names New Executive Chairman and CEO
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09/07LINDIAN RESOURCES : Continues Activities at Bauxite Projects in Guinea Following Military ..
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06/30Lindian Resources Limited Announces Resignation of David Sumich as CFO
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06/30Lindian Resources Limited Announces Resignation of David Sumich as COO
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More news
Financials
Sales 2021 0,03 M 0,03 M 0,03 M
Net income 2021 -1,39 M -1,00 M -1,00 M
Net cash 2021 0,50 M 0,36 M 0,36 M
P/E ratio 2021 -10,0x
Yield 2021 -
Capitalization 28,4 M 20,4 M 20,4 M
EV / Sales 2020 99,4x
EV / Sales 2021 435x
Nbr of Employees -
Free-Float 56,0%
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Income Statement Evolution
Managers and Directors
Asimwe Kabunga Non-Executive Chairman
Giacomo Fazio Non-Executive Director
Yves Occello Non-Executive Director
Susan Patricia Hunter Secretary