What I am disappointed in are the terms of the drawdown.
BTH is paying 12%, which is high already. I understand it is a riskier profile but still fill like they could have found a lower than 12% especially given they are also providing the options.
second part is the option deal at the lower of $0.50 or the 10 day FUTURE VWAP!
straight incentive to drive price down over next 10 days, which was started today.
Combine those two above and it is a VERY expensive (close to uncompetitive commercial loan).
I believe in the company but just disappointed with the structure of the deal.
open to thoughts?
Ann: Business Update, page-28
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BTH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
-0.010(8.70%) |
Mkt cap ! $86.27M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 10.5¢ | $175.0K | 1.595M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 1561223 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 56880 | 3 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| BTH (ASX) Chart |