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clock Created with Sketch. 30/09/21
15:24
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Originally posted by Worknotes:
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Hi PBlonde, I didn't pick that up so thank you for the clarification on the oppies. Whilst I am aware that the note holders have the option to convert at their discretion and that that has nothing to do with management, from an observation stand point I find it strange that a group of investors would offer the loan in the first place at a conversion price of 0.065c, (a 44% premium to the last traded price). If they wanted to take a position, or increase their position in the company, then why not do so at market in the mid 4zzz or lower and get a whole lot more bang
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Total guess, but maybe they realised they would not be able to get that many on market (for that price) with the news coming out re resource.
(20min delay)