To be fair to SN and STX, TPD obviously used its 45% Walyering interest as the collateral for the 6mn loan facility. So if the scheme fails, then STX has every right to recall that debt. But it has made it very clear if the scheme fails, it wants no part of TPD (which would include Gurvantes) and it would not exercise its right to convert the debt into TPD shares.
I can't imagine TPD would relinquish its Walyering interest for 6mn. It would make sense for them to raise 6mn at any cost (even loan shark rates) as opposed to losing Walyering 45% interest.
618
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $458.7M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 16.0¢ | 14.5¢ | $901.7K | 5.818M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 960660 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1958678 | 23 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| STX (ASX) Chart |