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?
It is an interesting funding model and whilst there is very...
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Last
76.5¢ |
Change
-0.005(0.65%) |
Mkt cap ! $69.97M | |||
| Open | High | Low | Value | Volume |
| 77.8¢ | 77.8¢ | 76.5¢ | $12.17K | 15.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 27653 | 1 |
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| Last trade - 15.13pm 06/09/2024 (20 minute delay) ? |
| MYG (ASX) Chart |