AUZ 6.25% 1.5¢ australian mines limited

AUZ Twitter re BFS, page-56

  1. 5,633 Posts.
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    As I said, simple google search. Within literally 3 seconds you can find the relief from companies once their relationship with Bergen is over. DYE commentary once they bought back the notes was that it will 'relieve downwards pressure''.

    “We believe this action will further relieve downwards pressure on the Company's share price and allow it to recover to a level that better reflects Dyesol's outstanding prospects,” said Dyesol Chairman Richard Caldwell.

    Recent example was CKA with convertible notes. Assurance from management there are safeguards in place, blah blah. "this will minimise dilution" blah blah. Shock me, instant downward pressure on the share price until conversion.

    There are SOOOOOOOOOO many similar examples out there. If you choose to block all this out, thats fine. Í am not saying this is the end of the company but I imagine Bergen are waiting for BFS release and will convert following. Why the company didnt just raise at 5 cents or so in a conventional SPP, placement or cap raise is beyond me.
 
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