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Geo Energy Resources Ltd. ( (SG:RE4) ) has shared an announcement.
Geo Energy Resources Ltd. has entered into a facility agreement with PT Bank Mandiri for term loan facilities amounting to up to US$275 million. This financing will be used to refinance existing loans, fund operational and capital expenditures for the Triaryani mine, and support the acquisition of PT Trans Maritim Pratama and PT Bahari Segara Maritim. The agreement is expected to result in interest savings, enhance liquidity, and support the company’s growth expansion plans.
The most recent analyst rating on (SG:RE4) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Geo Energy Resources Ltd. stock, see the SG:RE4 Stock Forecast page.
More about Geo Energy Resources Ltd.
Geo Energy Resources Ltd. operates in the energy sector, primarily focusing on coal mining and related services. The company is involved in the development and operation of coal mines, with a market focus on energy production and resource management.
Average Trading Volume: 9,555,286
Technical Sentiment Signal: Buy
Current Market Cap: S$658.6M
See more insights into RE4 stock on TipRanks’ Stock Analysis page.