Pretty ordinary deal if you ask me.
The first $400k done at 6cps. The second $400k (the first of the Notes) done at an effective conversion price of 4cps. So the overall avge price for the $800k is 5cps. And that's without putting a value on the options.
Yes they can buy half the Notes back, but at a 30%+ premium to what they initially draw down.
I hope they are getting a good margin on these sales for Dec qtr. All IMO.
Ann: Trading Halt, page-38
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $41.64M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 18.5¢ | $21.72K | 112.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31255 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 10038 | 2 |
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| Last trade - 13.52pm 11/07/2024 (20 minute delay) ? |
| SWP (ASX) Chart |