PDN 1.44% $11.66 paladin energy ltd

Ann: Repurchase of US$11M of Convertible Bonds Due 2017, page-8

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  1. 14,174 Posts.
    lightbulb Created with Sketch. 705
    Seems like a good move on the face of it and very happy they can do it out of operating cash flow.

    The only question I have is - Why did the bond holders agreed to it if they are missing out on $2M?
 
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