According to the agreement, the company doesn't have to pay the loan back. Either side can convert the loan into equity. If CB wants to convert the loan into equity, the price is minimum 14c per share. If the company decides to convert the loan into equity, the price is discounted. So, the company can't be forced to sell anything.
Also, I am hoping that after all the money spent, the value of the asset is much more than the current market value.
- Forums
- ASX - By Stock
- EM2
- Ann: Positive Assays Provide Development Options at Oracle Ridge
Ann: Positive Assays Provide Development Options at Oracle Ridge, page-22
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EM2 (ASX) to my watchlist
|
|||||
Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.64M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 5.0¢ | $3.603K | 72.03K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.050 |
1 | 51021 | 0.049 |
2 | 183084 | 0.048 |
2 | 23000 | 0.046 |
2 | 26244 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 150000 | 1 |
0.058 | 17 | 1 |
0.060 | 106868 | 2 |
0.061 | 34500 | 1 |
0.062 | 44550 | 1 |
Last trade - 15.22pm 15/08/2024 (20 minute delay) ? |
Featured News
EM2 (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online