At 12% interest rate on the 38 cents face value, the annual interest coupon is 4.56 cents, which offers an attractive yield of 21.7% on the latest traded price of 21 cents.
KBLGA Notes are not without various risk factors, however with the proposed $6M capital raising, a fully functional plant, and $30M of gold in the open pit - it may offer an attractive risk/reward ratio for the more adventurous punter.
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