@Talks
imo
1. because the sp might be higher than 9c by end of this month.
2. it doesnt even need to get = to 9c - because the CB conversion right is shareholder pre-approved - so it gives BMM the chance to move to +20% without paying much if any 'takeover premium' and bypassing the need for a shareholder vote or making a takeover offer - which is what BMM would need to do if they simply bought more shares on market
https://www.minterellison.com/articles/summary-of-australian-takeover-laws
more importantly
http://www.*****metals.com/charts/nickel.html
- looking good billy ray (so far...)
Ann: Early Repayment of US$17.5 Million Convertible Note, page-66
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