@The Dean. How you going? Check this out on Highway 61 emergency lane.
That loan of $16m had an approval fee of 40m options at .34c. That Puts them in the money at $9m. All up cost of $10m to borrow $16m, for a period of 5 months (that's a comparison rate of 150% on your home loan, to keep it relative). Not arguing the appreciation in sp is a bad thing.
My understanding is that loan matures on the 31 March 2017, but there are some smart people here who can correct me, politely I'm sure.
There is 35000t to be shipped for $10m aud. Highway 61 is happy to be resurfaced with facts.
GXY Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held