This is NOT the only reason though.
Note that $1M loan has 10% interest associated with it from Day 1. Namely: AAU will pay 10% interest (A$100k) IMMEDIATELY, even if the loan was to be repaid on the Day 2.
This, of course, would give AAU an incentive NOT to rush with the loan repayment and to use the capital in the kitty for other operational expenses, unless they were happy to pay daylenders' extortionary % on the borrowed funds. If they were to do that this would give the lender even more time to do the conversion.
Just saying...
- Forums
- ASX - By Stock
- Ann: ANTILLES GOLD ARRANGES UP TO $3M OF CONVERTIBLE LOAN NOTES
This is NOT the only reason though. Note that $1M loan has 10%...
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAU (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $2.99M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $5.734K | 1.491M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 67252335 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 12024801 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
46 | 64935592 | 0.003 |
14 | 12954980 | 0.002 |
8 | 23859950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 12024801 | 14 |
0.005 | 9115176 | 8 |
0.006 | 2018106 | 4 |
0.007 | 1312436 | 3 |
0.008 | 1277307 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
AAU (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online