OLY 2.50% 4.1¢ olympio metals limited

Ann: Voluntary Suspension Update, page-25

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  1. 23,078 Posts.
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    Re Funding:
    IMO the funding will have to be in the form of a loan or advance payments from DL; otherwise it will halve the conversion rate of the existing loan
    thereby potentially causing significant dilution.The original loan specified a reduction of the convertion rate to 10% less than any subsequent
    CR. The second possibility is that the new loan may retire the old loan and thereby avoid triggering the lower convertion rate.
    All IMO only.
    It is still a bit of a mystery why the ASX has not compelled CLi to release the crop audit unless loan negotiations prohibit that.
    In summary the funding issue is an added/unwanted complication, IMO.
 
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