Compare the deals
QIC
Receive $12m but must always hold $5m so we would be paying 10% interest on $12m and only have access to $7m, if taken now there would be 60m options @6.5c with a risky cash out option. And there was a $400,000 loan fee on top.
Square
Receive $3M
9% convertible @7.5c!
IF they convert they get 10m options @10c
If they don’t convert it will cost less than just the QIC fee!
If they convert great. ~45m shares will be created. $2.43m AUD worth at todays price of 5.4c.10m options @10c a way better rate in both number of and conversion cost than QIC.
20m options @10c
Elmet
Receive $2m via advanced payment for offtake
You can see why the QIC deal got the chop.
Compare the dealsQICReceive $12m but must always hold $5m so we...
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 (20min delay)
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Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $107.9M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.7¢ | $60.84K | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 816404 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 1622995 | 3 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| EQR (ASX) Chart |