Hi Swiftie, yes I certainly haven’t seen anywhere where it’s stated the interest is nil, so don’t know where Rog got that from.
The conditionally approved facility seems more like a loan application that is going thru EFA due diligence processes to me. Anyway once it’s approved I am sure they will advise what the interest rate and other major terms and conditions are, as required by ASX listing rules on disclosure requirements.
Just had a look at the EFA webpage , they seem to charge commercial sort of rates on their loans, but perhaps the RNU one is a special case.
RNU Price at posting:
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