ADY 10.0% 1.1¢ admiralty resources nl.

Kacy,Any short term money lender would charge 5% of the total...

  1. 565 Posts.
    Kacy,

    Any short term money lender would charge 5% of the total loan amount, just to set up the deal.

    So 5% of approx $9Mil is $450K

    Then there is 3 months of interest. Which would be another $550K interest to make the $1Mil.

    So if you really look at it. This brings the interest rate right in.

    ITS A SMALL FACTOR COMPARED TO THE "BIG PICTURE".

    WHO REALLY CARES!!! What is 1 or 2 truckloads of ore at the end of the day to pay for any extra interest, especially when ADY has Millions of tonnes of it....

    Thats what PT has & we should all have in mind!

 
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