It is an interesting funding model and whilst there is very little immediate dilution through a cap raising, the convertible notes of $70m effectively means shareholders are giving away 50% of the company (based on YTC's current MC of ~$70m) once Glencore convert.
I wouldnt be opposed to this model being used for MYG but would prefer the debt-to-convertible note ratio to be greater.
I noticed the announcement was made on the same day as their AGM, are we in for a pleasant surprise next Wed?
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69.0¢ |
Change
0.005(0.73%) |
Mkt cap ! $63.11M |
Open | High | Low | Value | Volume |
69.0¢ | 69.0¢ | 68.0¢ | $5.463K | 7.919K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 124 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 124 | 0.710 |
1 | 4311 | 0.700 |
2 | 10541 | 0.680 |
1 | 1400 | 0.670 |
2 | 35603 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.750 | 10000 | 1 |
0.770 | 6300 | 2 |
0.780 | 10000 | 1 |
0.800 | 3482 | 1 |
0.805 | 3531 | 1 |
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