IMO, the loan extension deal ADY got with the Hawkswood receives is very reasonable considering the circumstance. I just did the sums its not 50% p.a. interest its more like 37% p.a.
At the moment banks are charging ~ 15%-20% p.a. on loans to businesses if you can get them. So subtract that from what ADY is paying and you get a 17%-22% p.a. premium but only for 3mth. So divide that by 4 which amounts to a 4%-5% premium for the loan (or about a 50k premium). That would amount to about 1 more truck load onto an iron ore shipment.
So it is a very good deal for ADY in difficult circumstances which should have no effect whatsoever on the bottom line.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.55M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $10 | 800 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1270000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 439364 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1270000 | 0.011 |
2 | 1100000 | 0.010 |
3 | 1091911 | 0.009 |
3 | 1062620 | 0.008 |
4 | 475102 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 439364 | 1 |
0.013 | 400000 | 2 |
0.014 | 343874 | 3 |
0.015 | 928798 | 4 |
0.016 | 1200000 | 2 |
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