Further to my posting yesterday,the Company has today presented its Annual Financial Statement for year ending 30th June 2013. My questions regarding the financial exposure of the company arising from entering a joint venture in the Burswood Square project are mostly answered on page 10 of the Statement, under the section headed 'Matters Subsequent to end of Financial Year'. To buy into the project,the company has taken out a 3 month unsecured loan of $12M, at 13%pa,repayable on the 13th Nov. 2013.
PBD Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
