If one is to compound the CR price of 4.4 with ~12% coupon rate on exchange note for 2 years we will roughly arrive at the 5.5 exchange price on the note. HAS has an option to redeem after 2 years subject to some conditions.There are some comments in above thread about how HAS masterminded a pump and dump. I strongly disagree. This is a well structured deal and gives us the capital needed for constructing Yangibana as well as a very valuable stake in downstream business. Try raising 100 million in current market and brokers will drive the price down to $3 and make a meal of it.
I bought more today. Well done Charles
Ann: Trading Halt, page-54
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $53.34M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $28.40K | 97.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42320 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 57652 | 9 |
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| Last trade - 15.36pm 17/10/2024 (20 minute delay) ? |
| HAS (ASX) Chart |