Extension of Existing Finance Facilities
From other site, in full agreeance.
Get rid of the parasites;
"I am a bit disappointed. I would have hoped that with the falling interest rates that we could have found a better deal out there. Quite frankly i do not trust macquarie bank. I would see that in their bid for CTP they would have been trying to push down our stock price to improve their buy-in price. I have no faith that they still don't or won't toy with our share price. I would have preferred to see the back of them."
Spot on. Interest rates for this kind of operations and exploring companies (Penny dreadfuls), are usually well in excess of 10% and even more. Sometime even 15 or 20%.
When there are companies out there willing to guarantee an 18% return for investors to lend them money, and with securities), what makes you think that CTP would only pay 5%.?