BLG did flag they were looking for this as a cash flow option. I would assume the 15% interest rate is because it is an unsecured loan (yet to be confirmed).
In these uncertain times, it makes sense to secure this financing arrangement. This is risk management 101. If the rights issue failed to raise sufficient funds, the R&D financing may be more difficult to get on appropriate terms. Even with a successful rights issue, it strengthens the balance sheet (as stated by BLG).
It is important for BLG to be in as strong a financial position as possible to ensure they are not in a weak position with any negotiations (collaborations & or deals).
BLG did flag they were looking for this as a cash flow option. I...
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Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $24.47M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $4.098K | 413.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 4992277 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 866328 | 2 |
View Market Depth
| Last trade - 15.01pm 28/07/2025 (20 minute delay) ? |
| BLG (ASX) Chart |