thats 6.5% above 90day bbsy which is currently around 2.3%. so 8.8%.
the fact the funds are being used as colateral means the bank basically said we want more secuirty please and wasnt willing to lend/risk more on a SGA (fixed charge ober the business). a consequence of growing volumes.
i would have thought a margin loan, with head room, using underlying reckon shares as security msy have been cheaoer and to source a smaller line of credit to tap into if reckon shares dropped (ie, add capital to stave off margin call).
Ann: $10.5m in New Growth Funds to Unlock Larger Markets, page-36
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Last
5.2¢ |
Change
0.001(1.96%) |
Mkt cap ! $18.49M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.2¢ | 5.0¢ | $3.291K | 65.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4696 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 21384 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
5.2¢ |
Change
0.001 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.2¢ | 5.0¢ | 2531 | ||
| Last updated 15.47pm 21/05/2024 ? | |||||
| NOV (ASX) Chart |