Mate .....what is it that you don't understand. We ALL know ( including me ) that the interest rate is based on 15% ( in usd ). That's presently equivalent to 23 % at a current applied currency exchange of 65 cents to the USD. We also know that current loan balance ( IN THE Book's !! ) is presently $A244 million. There is no need to change it back " first " mate ...so I don't know what you are talking about , and I'm actually a fully qualified Chartered Accountant. The illustration is simple. If the company continues with the ' status quo ' on the current principal , and continues to capitalize the interest with absolutely no repayments. And the Aussie continues to wallow around these current levels. Then in 2 months time ( including the capitalized interest ) , the loan balance will be $A300 million.
So if this scenario continues this way ' unabated ' for the full 42 months until expiry in August 2023 , the total loan balance including accrued interest for those 42 months would be approximately $A500 million. What can't you understand about this simple analysis. The interest is capitalized and compounded for the entire 42 months. So I don't know what you are on about with your whole 15 % , 15 % 15 % business. And I never stated this in my analysis.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 31140 | 3.0¢ |
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Price($) | Vol. | No. |
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3.1¢ | 20000 | 1 |
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No. | Vol. | Price($) |
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1 | 31140 | 0.030 |
3 | 49517 | 0.029 |
1 | 321428 | 0.028 |
1 | 35749 | 0.027 |
1 | 23075 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 20000 | 1 |
0.032 | 8000 | 1 |
0.033 | 370690 | 1 |
0.034 | 333567 | 5 |
0.035 | 33800 | 2 |
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