VEC
Click for more information
0.00% 1.2¢ vector resources limited

Anyone know what a commitment fee is? Did it really cost...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
TRADE NOW
TRADE NOW
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
TRADE NOW
  1. Big Kahuna 101
    3,656 Posts.
    lightbulb Created with Sketch. 265
    clock Created with Sketch.
    07/03/19
    10:07
    Post #: 37681468
    Anyone know what a commitment fee is? Did it really cost $804,600 to set up the loan? or am I reading that wrong?

    If so its a 20% effective interest (coupon rate) and ~13% set up fee.... they had us by the short and curlys.

    Also can we assume this it the higher of the two?

    https://hotcopper.com.au/data/attachments/1462/1462456-361ccd67b775e4c7a47fd26ad204e2f7.jpg
    Last edited by Big Kahuna 101: 07/03/19
    VEC Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 
watchlist Created with Sketch. Add VEC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.