Cringe!!
A $2 million 8%pa 12 month repayment time schedule!!
What income, other than dilution, will they have in 12 months time to repay or issue diluting shares. This is deferred dilution or the loan will have to repaid from further loan funds. NST is doing VXR NO FAVOURES!!
This demonstrates the Boards total inability to sell this project to the market resulting in an anchored share price.
Cringe!!
Ann: VXR Secures Loan From NST to Complete DFS, page-5
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