Hallo...to be honest with you...I don't trust AustralianSuper (AS) & the current management team.... this convertible note structure could be problematic down the line for other shareholders.... they can only convert it at ~A$1.00 ...so the fully diluted effect could be an addition 5% of equity for AS....that is why I am wary of this arrangement... and the reason why I think that management need to be replaced ASAP....
...but, have a look at my previous post if you need elucidation why I'm saying this...
BUT again, don't get me wrong...the company could be worth far more than US$400M in the right hands...which the annual report just reconfirmed...PWC/ auditors are usually super conservative with these kind of things... so easily >7/8 times today's price.....
...still my 2 cents...
Balama Mozambique, page-49
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35.5¢ |
Change
-0.010(2.74%) |
Mkt cap ! $367.3M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 37.0¢ | 35.0¢ | $2.274M | 6.355M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 189831 | 35.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 53310 | 3 |
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