You are right = A cash-settled equity swap is a financial contract between two parties where One party (like Pentwater) gets paid if a specific stock (like Talga) goes up in price.The other party gets paid if it goes down.No actual shares are bought or sold.At the end of the contract, they just settle the difference in cash based on how the stock performed.
Positive is Pentwater think SP will go up .....
TLG Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
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