think about the type of loan (unsecured) and the jurisdiction where the asset is, the jurisdiction where the company is, put yourself in the shoes of a lender and all of a sudden the 20% looks about right. Heck, Chevron (US) was nearly charging that much interest to Chevron (Aus) and they're a wholly owned sub
VEC Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held