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JINFF - China Gold International Escapes Debt Purgatory; Operations On The Mend
China Gold Intl Res Corp
This video is a follow-up to the article I wrote in February on China Gold International (JINFF). We update investors on the impending debt-apocalypse that many felt would derail the company in 2020. We also cover the following points in the presentation:
June Debt Restructure
China Gold was able to refinance $300 million at 2.8% in a very favorable debt term structure through 2023;
The previous debt issuance from 2017 was backed up by a letter of support from major shareholder China National Gold, a Chinese State Owned Entity (SOE).