If the note holder is taking 1c for this 15m shares, will put pressure on the 1c line, sees the rest of the mad cows sell into 0.9c. What do they expect.
If the company could deliver on either a 3rd party JV, offtake finance, equipment sales, Arb cash forthcoming. Why would they dare dilute the registry with allowing any more placement capacity into a note? At this point, any price they provide a conversion at, is likely to be reached by the market, being the con note as the seller, or the rest of the market anticipating supply.
Any further issue of these notes at any further discount, has to be considered off the rails. And not viewed as acting in the best interest of holders surely ?
Company needs to deliver on the items above, nothing else.
AAU Price at posting:
0.9¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)