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Hi every one and Happy holidays, just a little math lesson 2.5...

  1. stricker
    647 Posts.
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    30/12/16
    11:19
    Post #: 21606020
    Hi every one and Happy holidays,
    just a little math lesson

    2.5 mil usd at today's rate = 3.45 mil aud
    6% of 3.45 mil = 200k assuming only 1 yr interest outstanding
    Total converted = 3.65 mil AUD
    Less 500k payment
    Hence 3.15 mil/90 mil = 0.035

    But effectively we just placed 3.5mil worth of stock at above market price!

    Hope this helps, cheers everyone GLTAH
    NSL Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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