Ann: Gemcorp Investment Committee approves US$20m debt facility, page-97

Whatever the interest rate is is of little consequence, WKT would have the option to refinance once they have positive income stream at a lower rate. You say double the interest rate of CRDB from over 2 years ago, news flash interest rates have increased 3x that of 2 years ago.
I would prefer WKT has negotiated a higher interest rate with a lower percentage of profit over the 3 years. The company can refinance for a better interest rate later but the free margin will remain for the 3 years.
Shareholders are far better off with this debt funding than with BMCG dilution. We only have to go back a week and see how you were saying more BMCG shares would be devastating to SH value and now you’re say it would be better. You really don’t know when to give up do you.