Its a convertible note. They can either pay back the $1m at the end of the 12 month, OR convert the debt into equity at the current share price.
Its a fair deal. I hope they clinch this otherwise we are dead in the water.
Ann: Vital Secures $1m Loan and Forms Strategic REE Consortium, page-8
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.55M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $4.374K | 38.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34198 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 26748 | 3 |
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| Last trade - 12.53pm 30/07/2025 (20 minute delay) ? |
| VML (ASX) Chart |