What did people make of the Nebari funding ?
Seemed like “loan shark rates”
Borrowed US$8.9M late 2021
Repay $11.48M in May 2022
Thats a heck of an annualised rate..
I understand that in 2020 before permitting and production restart with uncertainties… but disappointed seeing finance costs like that now.
I know coal finance is harder than it used to be …but that looks like more than high risk equity returns for bond type low risks
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-16
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