Its a convertible note. They can either pay back the $1m at the end of the 12 month, OR convert the debt into equity at the current share price.
Its a fair deal. I hope they clinch this otherwise we are dead in the water.
Ann: Vital Secures $1m Loan and Forms Strategic REE Consortium, page-8
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $12.37M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 13.0¢ | 10.0¢ | $113.0K | 983.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 30494 | 1 |
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| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| VML (ASX) Chart |