I have not had much time, but I will dig deeper over the loans, who the company directors/beneficiaries are, and report to ASIC/ASX.
Gold Processing Equipment Pty Ltd provided unsecured loan facilities of $5,500 and $3,750 with maturity dates of 14 December 2024 and 29 November 2024, respectively. Additionally, Gold Processing Equipment Pty Ltd provided $300,000 loan facility with maturity date of 20 July 2024. This facility is secured against the Company’s assets under PPSR (Personal Property Securities Register). Those loan facilities have interest rate of 3% per month.
It is no secret about this company.
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Let's look at the loans.
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