DML discovery metals limited
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100mil loan @10% = 10mil interest per year = 5mil interest per 6...

  1. centro11
    2,784 Posts.
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    02/04/14
    11:44
    Post #: 13204450
    100mil loan @10% = 10mil interest per year = 5mil interest per 6 months
    Placement = 100mil share @0.05 = 5mil
    Effectively, the creditor is just waiving 6 months interest for getting 10% interest for their loan. Besides they are provided with 100mil share for that waiver. Where are the positives in the deal, so you could expect buyers to jump in?
    cheers
    DML Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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