Please
find details on an exciting, secured, investment opportunity for your
clients. NQ Minerals have revenues YTD of USD 25M, with expected
revenues of USD 47M for 2019. The company is offering its secured bond
offering for use in your clients portfolios - given the current market
conditions, there are not many credible, asset backed, secured
investment opportunities, with revenues to support the debt issuance.
Please
find below information on the NQ Minerals investment grade, asset
backed bonds and also the current factsheet and one page summary
document. We can provide full IM’s and the investment grade rating
documents at your request.
NQ
Minerals PLC (NXT: NQMI) is London based and currently listed on the
NEX exchange. NQ Minerals intends to upgrade this to the AIM or LSE in
Q4 2019.
NQ Minerals raises funding through the issue of a high yield bond that offers investors a fixed 12% return over a 5-year term.
BOND HIGHLIGHTS
Bond - Audley Funding 12% 2/2022
Issued - 2017
Coupon - 12% per annum, paid bi-annually for a 5-year term
Status - Senior Secured Debt under English Law
Rating - ‘A’ / Investment Grade
Liquidity - Freely transferable
Eligibility - Cash, UCITS, ISA, SIPP, SASS, QROPS, Portfolio Bonds, Investment Platforms
The Bond is secured against significant mining assets and to date all coupons have been paid on time and in full.
NQ MINERALS
The
company’s flagship project is the Hellyer Mine in Tasmania. At
acquisition, the Hellyer project comprised a 9.25mt JORC (2012)
compliant Resource and an in situ mothballed processing plant. Since
acquisition the company has taken the mine to a 2019 YTD revenue of USD 25M, with predicted revenues for 2019 - USD 47M, 2020 - USD 75M and 2021 - USD 80m
The
company has a mission to acquire and develop a portfolio of productive
mining assets based in Australia, with the aim of delivering significant
shareholder value in the short, medium and long term. The Company has
an experienced team of executives and non-executives to deliver these
goals.
Each opportunity to develop a mining asset is rigorously appraised in order to ensure:
- Attractive project returns
- Growth in cash flow generation
- Politically and fiscally stable environment
By
putting the processing plant back into operation, NQ Minerals has
gained unique opportunties to commercialise other tailing reserves and
JORC resources in Tasmania. In addition, the company has access to other
Gold and Silver mining projects in North Queensland which it is seeking
to develop. Further information can be found at: www.nqminerals.com.
This
is an exciting stage win the growth of NQ Minerals and we would like
your clients to share in this story. Feel free to contact us should you
have any queries.
For more information click here or see below.