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.
Pretty ordinary deal if you ask me. The first $400k done at...
Add SWP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $39.55M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.5¢ | $25.08K | 132.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75000 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 60000 | 1 |
View Market Depth
| Last trade - 15.59pm 18/07/2024 (20 minute delay) ? |
| SWP (ASX) Chart |