They continue to include the extension of the debt facility as significant milestone but do not mention the interest rate. I presume it also continues. I would have thought interest rates at the time the facility was established would have been somewhat higher than now.
Also the interest rates for a speculative mining would be somewhat higher than a miner producing a profit. The latest accounts lists Finance costs as $3,596,189 Would I be right in thinking interest is in the vicinity of 9-10%.
Great if you are Macquarie.
They didn't need to win the t/o bid @ .19 cents they still get to reap the benefits of providing the loan facility.
As for the SP I have no idea.
Can only put it down to management and BOD and a lack of confidence.
They continue to include the extension of the debt facility as...
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |