AUZ 14.3% 0.8¢ australian mines limited

Ann: AUZ secures $12 million investment from US fund, page-255

  1. 2,178 Posts.
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    Has anyone even taken a look at the 3B just released?


    Convertible securities have a notional value of $1.00 and are convertible at 90% of VWAP during a specified period prior to conversion date (as in 2 years time)


    The options granted have a conversion value of 9.59c


    Bergen, if they want to convert, will wait until the options are well in the money. Why would they convert any sooner?

    https://hotcopper.com.au/data/attachments/1277/1277980-7dbedc11e4cb36911cf7a66fae88aa1e.jpg

 
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