OAK

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6.2¢ oakridge international limited

Ann: Share Consolidation Complete, page-75

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kununurra

817 Posts.

15/06/17

10:38

Post #: 25288095

Originally posted by RobbieinAus ↑

You're thinking about it wrong mate.

What matters to them is conversion price vs. selling price. That's all that matters. Market price with support can be taken as a proxy for selling price. Actual conversion price doesn't matter because they aren't holding onto the shares -so they don't actually care about the number of shares they get. They just care about the % spread in what they convert at vs what they sell at.

They convert at the average of the lowest 2 day VWAP in the preceding 5 day period. So they want a RISING price as they go to convert - that way the market price (selling price) is higher than what they convert at.

For example:

Falling price:

Column 1 Column 2

1 Day 1 0.0240

2 Day 2 0.0230

3 Day 3 0.0220

4 Day 4 0.0210

5 Day 5 0.0200

They convert at the average of .021 and .02, being .0205 -- and sell into a market price of .02 for a loss on sale of 2.4%

Rising price:

Column 1 Column 2

1 Day 1 0.0200

2 Day 2 0.0210

3 Day 3 0.0220

4 Day 4 0.0230

5 Day 5 0.0240

They convert at the average of .021 and .02, being .0205 -- and sell into a market price of .024 for a gain on sale of 17%

As you can see - they want a RISING price leading into conversion. If they were sitting on shares and holding them long term - then yea, maybe they'd want a falling price to get more shares. But they aren't - they are converting and immediately dumping - so share count doesn't matter - only conversion price vs. selling price.

(this example of course ignores the interest component of the deal [which doesn't matter as it is a fixed $ amount] - and the rounding component on the conversion price)

Expand

I don't agree. IF they get the shares at .001 cent cheaper and sell at the same price then they will have more shares making an extra .001 cent on them

XPE Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held

Upvote

0 Great analysis

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(20min delay)
Last 6.2¢		Change 0.000(0.00%)		Mkt cap ! $1.673M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	24381	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	75641	1

View Market Depth

No.	Vol.	Price($)
2	24381	0.062
2	20400	0.060
1	82000	0.057
1	55000	0.053
1	100000	0.046

Price($)	Vol.	No.
0.069	75641	1
0.105	1524	1
0.175	22450	1
0.180	30000	1
0.190	29137	1

Last trade - 16.12pm 11/10/2024 (20 minute delay)

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Ann: Share Consolidation Complete, page-75

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Cauldron Energy reports "excellent" uranium assays in latest drill run

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Buyers (Bids)

Sellers (Offers)

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	Column 1	Column 2
1	Day 1	0.0240
2	Day 2	0.0230
3	Day 3	0.0220
4	Day 4	0.0210
5	Day 5	0.0200

Ann: Share Consolidation Complete, page-75

Top Stories

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Cauldron Energy reports "excellent" uranium assays in latest drill run

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

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Issues emerging as Australian companies tackle critical minerals challenge

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Featured News

Buyers (Bids)

Sellers (Offers)

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