AJQ
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0.00% 10.0¢ armour energy limited

Convertible Notes

  1. olea1
    4 Posts.
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    06/06/18
    04:14
    Post #: 33517957
    I assume the drag on the share price here is coming from the convertible notes - roughly the same notional outstanding as the current market cap, at a chunky 15%, maturing in just over one year - any ideas on how they intend to fund the repayment if the stock stays below 0.11? Presumably Carnegie get the company......
    AJQ Price at posting: 8.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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