Spotted this in my wanderings today.
In May last year OTTO Energy (ASX OEL) raised US$8.2m via the issue of convertible notes. The issue was agreed on very attractive terms with a conversion price at an 89% premium to the 30day VWAP at 14% interest rate.
IMO convertible notes are the least likely financing path ATC will pursue, however this is an example whereby a good project can get a good outcome, and we have an outstandingly good project.
Ann: Altech - USD15m Equity Support from SMS group, page-103
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Last
6.2¢ |
Change
0.001(0.81%) |
Mkt cap ! $102.5M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.2¢ | 6.1¢ | $90.82K | 1.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85969 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 991067 | 5 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.1¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 6.1¢ | 6.2¢ | 6.1¢ | 686783 | ||
| Last updated 15.38pm 03/05/2024 ? | |||||
| ATC (ASX) Chart |