Not quite. They will only be secured to the value of the loan. Practically speaking they would likely have to liquidate the asset and take their $2M back and leave whatever is left with the company.
Ann: Vital Metals Secures $2M Loan, page-15
Add VML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $17.68M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $7.579K | 2.276M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 20439209 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 21619802 | 51 |
View Market Depth
| Last trade - 15.44pm 19/07/2024 (20 minute delay) ? |
| VML (ASX) Chart |