I had not readd this before.from the announcement on dealing with Notes by Straits.
"This conversion of the CLN’s will further improve Magontec’s balance sheet,
initially reducing total debt (as at 31 October 2013) from A$20 million to $15m.
The conversion of the CLNs will reduce Net Debt to Equity to 43% with further
falls likely on repayment of the outstanding debt to Straits and conversion of
the current option series."
Once they get to 5.8 cents I will be even, after 10 years holding from early days!
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