IF they need it. Its a fair bit removed from your initial scenario of a 100m share dilution. If you know anything at all about this co - (which I dont believe you do) approval of the $95m drawdown will lift the price which blows your calculation out straight away. Without the $95M there is virtually no need for the $30M as the co needs far more than $30m to reach production.
Again - its a big IF..and as suggested elsewhere in these threads - it seems very reasonable to me that the additional facility is in place to satisfy other lending and drawdown criteria of the senior lender and/or convertible note holder. The original loan also incorporated a contingency amount of - i believe - $20m.
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Last
$6.76 |
Change
0.020(0.30%) |
Mkt cap ! $6.318B |
Open | High | Low | Value | Volume |
$6.76 | $6.81 | $6.72 | $16.83M | 2.487M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9162 | $6.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.78 | 5455 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9162 | 6.750 |
3 | 12457 | 6.740 |
3 | 24866 | 6.730 |
2 | 12506 | 6.720 |
1 | 8339 | 6.710 |
Price($) | Vol. | No. |
---|---|---|
6.780 | 5455 | 1 |
6.790 | 3572 | 3 |
6.800 | 13019 | 4 |
6.810 | 171169 | 7 |
6.820 | 17057 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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