Great deal indeed.
Though they are only getting them at a 15% discount to what I am paying - they can get millions at those prices whereas if I bought that number of shares I would be buying up to about 30c. The effect of them converting at these prices also hurts us as stated above with dilution, whereas if I bought at those prices it would help with SP increase.
However on the flip-side, BUR get this money to pay for drilling - so not all negative, just wish the SP was 50c to minimise dilution.
convertible notes, page-7
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BUR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.54M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 180922 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |
Day chart unavailable