MRC mineral commodities ltd
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Ann: A$4M convertible loan funding facility, page-6

  1. spid81
    16,776 Posts.
    lightbulb Created with Sketch. 7095
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    04/07/24
    13:38
    Post #: 74607256
    Exactly.

    what choice did they have?

    anyway, its a convertible equity arrangement, Au mining is protected having security over MRC assets, which is not ideal, but this would onky become an issue if the company became insolvent.
    MRC Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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