If only the financiers shared your sentiment. In a world of record low interest rates they are long on $265M at 11%
Are they paying 11% because no one wanted to finance them, they are extremely risky, or there was desperation to find some money at any rate? I would think this is like a splinter that is deeply wedged under a toe nail.
Ann: Unaudited Results for the 9 Months Ended 31 March 2016-TFC.AX, page-29
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