Well it most likely will be high but the other option is raising cash by diluting the company further (ie raising 30 million @3c would halve our equity). Now even if it’s 15% interest what would you prefer? If the business can’t pay a high interest rate given the demand then it’s doomed to fail.
It’s all about the cash right now to get a small plant operating and generate cash flow in 18 months time.
Ann: Volt to Pursue US$30m Tanzanian Bond Issue, page-26
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