how much did aus super blow in syr and many other "future" resource companies?
fact. its in their interest to bail us out. A convertible instrument at a much higher strike would be a win win (similar to SYR deal with aus super).
Gives us the liquidity we need without the debt (nor interest if they can capitalise) burden and then they can convert at say 50c? that bumps them up to whatever %.
Then when stanwell etc gets cleaned up, met coal> $250...time to ca$h out....win win
CRN Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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