I thought the warrants act the same as options, except for having a non-standard contract behind them.
So, it limits our upside above $2.07. But it also gives a potential source of funds.
Up to $2.07, the warrants have minimal effect on us. After $2.07, we get diluted after they convert them, thus limiting the SP moves above $2.07 (depending on the size of the dilution).
So the lender is gaining some equity upside as a bonus on top of the interest charges.
So they gain:
- 13% or so interest PA.
- Some discounted/dilutive shares if our SP rises 25% from this point before the warrants expire.
Less offensive than a royalty...
- Forums
- ASX - By Stock
- KCN
- Ann: Kingsgate Financing Update
Ann: Kingsgate Financing Update, page-60
-
-
- There are more pages in this discussion • 69 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 KCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $349.2M |
Open | High | Low | Value | Volume |
$1.37 | $1.37 | $1.34 | $367.6K | 272.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 1462 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.345 |
1 | 10196 | 1.340 |
3 | 29032 | 1.335 |
2 | 21552 | 1.330 |
2 | 2282 | 1.325 |
Price($) | Vol. | No. |
---|---|---|
1.355 | 1462 | 1 |
1.360 | 1552 | 1 |
1.365 | 1552 | 1 |
1.370 | 39295 | 1 |
1.385 | 38 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |