No, but what will cause the SP to rally a dollar or more likely two is the short covering on mass, when it happens. Its all about a CR & if the management have any clue, they wont play into their hands.
If I was to do the CR I would play big stake poker & announce a CR at a price above the current SP.
Openly taking on the massive short position and telling them if you want to close out your short its going to be at $4.50-$4.75. They would be absolutely stuffed and forced to cover at a much higher price. Call their bluff as all the shorters hold is a piece of paper whereas STO holds the assets.
Call their bluff I say.
If it didn't work, what's it really cost you? Issue a convertible bond instead.
I very much doubt the management read this thread.
I might send them an e-mail.
Mind you they didn't listen to me when I said hedge the bejeebers out of oil at around $110-120 & have at least half your debt in Aussie!
Can't hurt though.
GLTAH
No, but what will cause the SP to rally a dollar or more likely...
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Last
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Change
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Mkt cap ! $24.52B | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$7.54 |
Change
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| $7.52 | $7.55 | $7.45 | 1464580 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
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