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0.3¢ austin exploration limited

Not how I'm reading it - where does it say above the cash rate....

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cmonaussie

11,057 Posts.

3715

04/11/14

09:22

Post #: 14231688
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Originally posted by shooshka ↑

I'm reading it as 3.5% margin. I.e. 3.5% above the cash rate (currently 0.25%). Minor difference atm but once rates rise it will make a difference. Still a fantastic deal, as long as akk can keep participating in ongoing drilling there is no need to sign up to a constrictive debt agreement. If they can get one on good terms then that would still be preferred.

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Not how I'm reading it - where does it say above the cash rate. That's the central bank rate.

http://www.tradingeconomics.com/united-states/bank-lending-rate

Prime lending rate is 3.4%
Add margin of 3.5%

AKK interest rate 6.9%

AKK Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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