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4.0¢ carnegie clean energy limited

Doesn't the interest rate on the loan from MF go up to something...

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coppernoob

393 Posts.

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02/03/19

01:04

Post #: 37628013
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Originally posted by Tizard: ↑

Granted things don’t look good but can any poster tell me why MF would have given a short term unsecured debt facility to CCE of $2,000,000. MF surely would be privy to all of the daily business of CCE, he definately would be aware of all of the critical dates that have been missed, by the way the debt facility was to be repaid by 28 Feb unless extended ( maybe the reason for the missed half year report) Why would Enel Green Energy go ahead with a 29 Jan payment of $500,000? again they would also be aware of all of the negativity surrounding CCE
With an investment of $100,000 at stake I have to be optimistic
Cheers

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Doesn't the interest rate on the loan from MF go up to something like 18% if not repaid when due?

CCE Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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