Reading th annual report ...
Funny how two fo the Independent Non-Executive Directors receive Consulting fees in addition to their Director fees ... normal?
of course one can also ask questions as to their true independence ...
Oh, and for the equity optimists ...
you have A$88,372,096 of US$ denominated debt that accrues 15% interest per year ... will they ever generate enough value to reward equity holders?
Funny, 15% interest rates in an environment where US$ debt in Kazakhstan costs around 8%
Not that the biggest shareholder cares .... they own all the debt. So the punters get to lose. How unusual.
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- Ann: 2021 Annual Report
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jupiter energy limited
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Ann: 2021 Annual Report, page-2
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