Broker Report - DJ Carmichael 68c, page-24

''At this stage as a shareholder, there seems to be more pros than cons and as they mention it provides flexibility, clarity and balance sheet relief (FY17 current liabilities should be greatly reduced).''


With this CN - You have a limited time frame before it needs to be repaid, or convert into equity. Dilution Dilution or pressure on cash flows

Time frame 30 months must be paid back or converted into equity

IMO, this timeframe puts a lot of pressure on cash flows that need to be used for expansion and working capital

This CN provides flexibility for JGB

How does this provide more flexibility over a bank facility at market rates of interest ?


DYOR