ASR asra minerals limited

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Ann: Trading Halt, page-22

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madau

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13/12/22

13:06

Post #: 65292385
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Originally posted by Lilow: ↑

The deal is convertible note with free attaching listed options to raise up to $3.5m

convertible note terms are:
Conversion price - 3.5c at any time at the election of the noteholder
Interest rate - 12% pa, paid quarterly
Maturity- note repayable in cash at maturity date, maturity is 12 months from date of issue, estimated expiry would be dec 2023

Note holders will receive 12 listed options, ASROB per $1 of notes invested.

Watch the CR participants now dump the free ASROB’s and hold onto the convetible note. This will have a strain on the options.
So we will see 42m ASROB’s issued under this convertible note deal, assuming they raise $3.5m

Not a great deal as far as massive dilution goes for existing shareholders!

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can I ask where you got that information?

If accurate,the payout/conversion is after the 3.5c option conversion date so it looks like they are confident of the $20+M coming in to pay it out.

Not that bad a deal in my opinion, better than raising at 1.4/1.5c with greater dilution now which is the best I think they would get at the moment.

ASR Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $8.000M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$16.41K	8.204M

Buyers (Bids)

No.	Vol.	Price($)
57	227019472	0.1¢

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Price($)	Vol.	No.
0.2¢	13638255	6

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No.	Vol.	Price($)
51	219539677	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	13638255	6
0.003	100954915	33
0.004	5856381	7
0.005	3430198	6
0.006	3566832	6

Last trade - 14.23pm 25/07/2025 (20 minute delay)

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