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8.33% 3.3¢ donaco international limited

Ann: Donaco Receives Lender Support, page-52

  1. DONACO88
    4,427 Posts.
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    02/07/20
    12:38
    Post #: 45596325


    No, no trading halt today.However, if they are looking to raise more money via issuance for senior debt notes. Then we might see a halt.

    quoting ASM , ASX media release on 02 March 2020 "Most importantly the remaining value of the Star Vegas business is retained for shareholders"


    any new capital injection will try to preserve shareholder value.. therefore senior debt notes is the most likely way they'll raise capital. Maybe convertible note, in 3-4 years time. By which date, share price would have recovered.
    DNA Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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