Speaking only for myself, a SHr in this company,had the borrowed money achieved its aim,I wouldn't consider the interest rates you quoted as excessive.
I refer you to the announcement of 01/07/15
The Company is working closely with CCM to meet the outstanding conditions for this facility and that program is progressing and on schedule.
The key conditions relate to independent technical verifications including of the Company’s current operating production and geological resources and assessment of Valence Industries’ sales contracts
