Australia's largest stock trading and investment forum Australia's #1 stock forum

EM2

Click for more information

0.00%

5.2¢ eagle mountain mining limited

EM2, page-217

First 217 Last

Share
Profile

Follow
pimply56

5,178 Posts.

52

08/09/24

13:17

Post #: 75580401
Share

Originally posted by Joe007: ↑

“if any portion of the loan has not been repaid or converted prior to the day which is 90 days prior to maturity, the Company may at its sole discretion either repay the balance of the loan and interest in cash or require conversion at a 12% discount to the 15 day VWAP for the Company’s shares immediately prior to the election to convert
With the current share price at a 52 week low this is perhaps the most likely scenario anyone any thoughts???

Expand

Is there an option ?
I don't think they have the cash to repay.

I am a little unclear on ramifications -- if there is not enough cash available to repay , then it will require conversion at a 12% discount to the VWAP.”.

The result is that Charles ends up with 3 million dollars worth of shares at just under 4 cents per share ?

EM2 Price at posting: 4.4¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

There are more pages in this discussion • 42 more messages in this thread...

First 217 Last

Add EM2 (ASX) to my watchlist

(20min delay)
Last 5.2¢		Change 0.000(0.00%)		Mkt cap ! $20.42M

Open	High	Low	Value	Volume
5.2¢	5.2¢	5.2¢	$205	3.942K

Buyers (Bids)

No.	Vol.	Price($)
2	35000	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	220584	2

View Market Depth

No.	Vol.	Price($)
2	35000	0.051
2	159999	0.050
3	160057	0.049
3	354820	0.048
1	100000	0.047

Price($)	Vol.	No.
0.053	220584	2
0.054	159505	1
0.055	90685	4
0.057	23208	1
0.058	100000	1

Last trade - 12.49pm 11/10/2024 (20 minute delay)

EM2 (ASX) Chart