GXY galaxy resources limited
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an open letter to iggy tan and the gxy board., page-8

  1. Reiner001
    12,617 Posts.
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    22/05/13
    04:55
    Post #: 11792641
    The Convertible Loan Note may be converted at any time at the option of the noteholder into Ordinary Shares at a conversion price of £0.06 per Ordinary Share.


    Maybe that is where the 8c come from ?

    Could it be there is an agreement to convert bond not into ordinary shares and there to offset dilution to SH the SPP is in line with that rate @ 8cents ??

    Just a thought
    GXY Price at posting: 7.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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