VEC 0.00% 1.2¢ vector resources limited

Ann: Half Year Accounts December 2018, page-71

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  1. 618 Posts.
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    As it was (before shares were issued to CN) the fixed interest was 40% of the loan!
    Now given it was repaid in 6 months, one would assume that there was an obligation to repay it in that time and hence the actual interest rate was 80%pa (simple interest).
    So that means old Neville has done far better than the holders as I'd be pretty certain very few if any are sitting here today on an 80% gain and certainly none who bought in the last 6 months!! mad.png
 
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