rudd's swan song, page-154

  1. 13,234 Posts.
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    Well Raj

    Take a case of Uranium Projects:

    If 100 Mill in invested initially. By the time project is off the ground and first sale is made, one is looking for 5 to 7 years. Interest on 100 Mill will be more than 100 Mill itself(Interest(8%-9%) Calculated daily and added monthly).

    I don't see a penny coming back in pocket of any shareholder(After paying 9% Interest plus 2% Account Management Fee) plus $3500 to accountant to fix trades. Break even period is 11 years.

    "Better Donate to Salvos: At least emotional satisfaction is there that we did good for community".
 
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