I'm in commercial finance so think I can comment with experience on this.
If the conversion was at or near the current price I would agree with you but given it is at such a premium I think this is an excellent outcome.
The note holders are basically convinced the price will be higher than 3.5c in 12 months time. The coupon rate is not excessive in the current market and the fact the notes are unsecured further gives reasonable opinion that the holders are convinced there is capital upside.
Would be nice to get an update from the company as to the progress (or lack thereof) of each of the projects.
Ann: Trading Halt, page-49
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.144M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.519K | 629.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 18637775 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 10397702 | 9 |
View Market Depth
| Last trade - 15.56pm 28/06/2024 (20 minute delay) ? |
| ASR (ASX) Chart |