Convertable notes, page-2

No.

It's all explained in the recently announcements, albeit you have to search for it.......

"AusSuper and Wroxby will convert their respective $30m Convertible Notes (as announced to the ASX 28 April 2023) into equity. The Face Value of the Convertible Notes will include capitalised interest that has accrued since the issue date resulting in a total Face Value of $64.5m and will convert to shares at $0.2188 per share, representing a 12.5% discount to the Issue Price and a 20.4% discount to last close as of 31 January 2024. Shares under conversion will be allotted to AusSuper and Wroxby on 8 February 2024."

"Ryder (under two entities Ryder Capital Limited and Ryder Capital Management Pty Ltd) will convert its convertible notes (as announced to the ASX on19 October 2023) into equity. The Face Value of the Convertible Notes will include capitalised interest that has accrued since issue date resulting in a total Face Value of $25.8m and will convert to shares at $0.225 per share, representing a 10% discount to the Issue Price and a 18.2% discount to last close as of 31 January 2024. Shares under conversion will be allotted to the Ryder entities on 8 February 2024."


The 'big issue' of additional BCI shares will be when AusSuper ultimately convert the S1 and S3 ($129.1mil) CN's that were issued in 2021........ The number of shares issued above for the 2023 CN's will pale into insignificance by comparison.......

GLTAH.