It's not a stupid question at all, and hopefully one that can be addressed in the next update. I assume it's because they are second in line behind the senior facility and that this is the agreed cost of capital in the current "start up" market.
OAR Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come
ASX Market Open: Powell hope to power Santa rally through French gov't collapse, South Korean crisis | Dec 5, 2024
ACW This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game
History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025