Australia's largest stock trading and investment forum Australia's #1 stock forum

HAS

Click for more information

2.00%

24.5¢ hastings technology metals ltd

”conversion of notes into shares” ehlittle bit of free advice...

First 31 Last

Share
Profile

Follow
friendlydwarves

3,342 Posts.

439

13/04/24

18:28

Post #: 73331051
Share

Originally posted by jv123: ↑

No need to be rude on here folks. Without question hours of effort spent to confuse the public - beggars belief as to why ? Unfortunately his thesis is full of holes.

Generally, at maturity a bunch of things could happen, conversion of notes into shares, the issuer (HAS subsidiary rep in this case) redeems the notes at face value (ie. $150mill) or maybe both parties agree to extend the maturity of the notes, or.....or.... and or....; there are a multitude of possibilities......however the messiah wants us all to focus on a single outcome - solely at the choosing and discretion of Wyloo (the holder of the notes) is bloody laughable.

The reality is specified in the key terms of this note agreement. Maybe redeem, highly doubtful, but most likely conversion of notes into shares. Forcement by the holders (Wyloo) to repay cash is NOT POSSIBLE! This is as much an investment as it is a loan.

No argument, with the sp at its current value the investment doesn't look great presently however I am sure Twiggy's time horizon longer than most (...certainly the messiahs)

Expand

”conversion of notes into shares” eh

little bit of free advice for ya guv: Twiggy didn’t get rich by buying stuff at 20x its market price

HAS Price at posting: 37.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 32 more messages in this thread...

First 31 Last

Add HAS (ASX) to my watchlist

(20min delay)
Last 24.5¢		Change -0.005(2.00%)		Mkt cap ! $43.21M

Open	High	Low	Value	Volume
24.5¢	25.0¢	24.0¢	$46.82K	190.7K

Buyers (Bids)

No.	Vol.	Price($)
3	20904	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	286999	3

View Market Depth

No.	Vol.	Price($)
3	20904	0.245
7	152303	0.240
8	309606	0.235
8	227609	0.230
1	220000	0.225

Price($)	Vol.	No.
0.250	286999	3
0.260	31115	2
0.265	39108	2
0.270	15960	2
0.275	11934	1

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last 24.5¢			Change -0.005 ( 1.01 %)
Open	High		Low	Volume
25.0¢	25.0¢		24.0¢	51098
Last updated 15.56pm 28/05/2024 ?

HAS (ASX) Chart

SPONSORED BY