Zancs, only thing that changes if TOL is not approved by Oct 16, is that the conversion price is no longer $1.25 but 120% of the market price: ie if the market price 30 day VWAP is $0.75c then if Mount Kellett wish to convert, the new conversion price will be $0.90c.
There is no prospect of the funds having to be returned to them, other than under the agreement which requires payment within 4.5 years.
Zancs, only thing that changes if TOL is not approved by Oct 16,...
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Last
$7.07 |
Change
0.025(0.36%) |
Mkt cap ! $6.748B | |||
| Open | High | Low | Value | Volume |
| $7.08 | $7.26 | $7.05 | $6.807M | 951.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4614 | $7.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 11625 | 21 |
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| Last trade - 11.32am 11/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |