I'm not sure Lind will be rushing into another CN with us just yet. Of the three tranches we have borrowed, so far we have repaid less than half of the first one, and have had to raise via SPP since. Lind still have almost $3.5m to convert, but not much of a SP to convert into at the moment. I wouldn't think they would be keen to add to this until more is repaid. Even the floor price didn't mean much because they just waited out the 10 months and only started converting in April after it expired.
Income from Granville is what will turn this situation around. Even if it isn't big dollars it will still restore some confidence for lenders and shareholders alike.
ANW Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
