I think it is touch and go, they probably would get finance slightly cheaper than th 3.9% margin they will step up to, but whether they want to now or potentially wait 6-12months and hope the margins come down further(only management would know).
I will also continue to hold, believing it is a 50% chance of converting at $100. If not 3.90% on top of 90Day BBSW at this point in the cycle is a good result.
Would not be suprised if the price does rally leading up to 22 Feb. If it does step up, I see the current price about par, though we might see some volatility as the traders exit.
My Opinion only. Do your own research!
MXG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
