My mistake, I didn't take in the US to AU conversion rate. The figures would appear to be right.
However I'm still trying to understand the 2 share conversion payments to Equigold since drawing down on the US$15,000,000.
Does that mean in 5 months we have had to pay Equigold US$1,030,937 in 'other fees customary to a facility of this nature'!
A little more disclosure on these fees would be nice!
Ann: Notice of Annual General Meeting/Proxy Form, page-13
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