The difference in the 2 figures is a fee that we are basically converting to an interest rate equivalent for discussions sake. If the 6 month extension is exercised the fee definitely won't stay the same so won't effectively halve to 12%.
The lender is doing normal business and won't be laughing any more than for their other deals. They are priced at this rate for a reason - some go bust and guarantors go missing or assets are devalued. The SME loans near that rate I saw had Director guarantees as well.
The difference in the 2 figures is a fee that we are basically...
Add VRC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
-0.001(10.0%) |
Mkt cap ! $18.71M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $6.068K | 1.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 30530873 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2764984 | 5 |
View Market Depth
| Last trade - 15.15pm 05/07/2024 (20 minute delay) ? |
| VRC (ASX) Chart |