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chadhuncho

933 Posts.

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29/11/24

00:37

Post #: 76831837
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Originally posted by dude342: ↑

Annual report had $743,277 paid/payable on the Loan book facility. The Quarterly shows the loan has been further drawn down since then so the interest charges would need to be higher than $743,277 divided by 4 or $185,819 a quarter.

But only $28k is going out.

I think the interest is not being paid and is being added back to the loan book? There is no separate line item in the balance sheet for unpaid finance costs. If that is the case they are paying interest on their interest. It's not making much sense.

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PHL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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