Interest on CR funds.It's a good question - particularly when...

Interest on CR funds.

It's a good question - particularly when reflecting on previous CR's.

For example?

http://hotcopper.com.au/documentdownload?id=tuE7JrfFgm%2FOGe3kZW2JHG%2FzGEcC5Q7pyg3%2Fg9MOkqsqGr3SSd1HCwoxNU%2Bkw1dH2W8padhMbIq%2Bod3PA48%2FyeEjZA%3D%3D
(PDF Download)

Here's one excerpt from that document.

"Following the recent strongly oversubscribed capital raising of $6 million, the company has a strongbalance sheet to accelerate exploration programmes at the company’s North and South QueenslandBauxite Projects.”

So ... that was 6 million dollars in 2011 plus another ~$5 something million in 2019 (and I haven't even bothered adding up the intervening CR's and 'offers').

Interest on CR funds you say?

It might be an interesting exercise to take those CR's and add up how much in related party transactions (including loans made to related entities) have come from those funds raised for both QBL and CGB.

By my simple mathematics ... that's roughly $11,000,000 of investors (other people) money in 8 or so years. I think one is entitled to ask, 'what has been the benefit to those investors'?