Our lending rate is currently sitting at 15% with a 36 month amortisation.
Any proceeding loan will attract a deep sub-prime; rate pushing the company further into debt....without any reportable profit to repay it.
Notwithstanding the gold price, a history of removing it for the sake of profit is a strong indicator of the companies ability to perform in the future.
No one loves a last minute run to the finish line more than me but I am also realist.
Any future investment or lending to this company would be via incredibly high risk operators that are poised to step on necks.
Wishing all share holders the best.
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