KBL kbl mining limited
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convertable note, page-5

  1. redfrog
    287 Posts.
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    08/03/12
    14:26
    Post #: 9811896
    KBLGA
    They are simple convertible notes. Face value is $0.38 each.
    The rate of interest is 10% PA on the original face value. Distribution is once every six months. So in effect you get 5% of the face value every six months. I think conversion to ord shares at FV can only be made after a period which I think is 5 years.
    KBL Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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