Disciples posted "Most bond agreements are performance based so...

Disciples posted "Most bond agreements are performance based so falling sp and high production costs are not things the financiers like to see."

Comment:

Disciples, if you are going to post about TMR's bonds then I suggest it is 100% irrelevant what you believe "Most bond agreements are."

The ONLY relevance are the terms applying to TMR's issue of convertible bonds. So how how about discussing them? For example, from the 22nd. October ASX release:

Clause 10 deals with "Events of Default." So how about discussing that?

Clause 11.2 deals with "Negative pledge and restrictions on indebtedness." So how about discussing that?

Clause 11.6 deals with "Financial undertakings." So how about discussing that?

Have you found anything in there that tells us TMR's share price is an issue?

Discuss something that IS specific in the legal document applicable to TMR's issue of convertible bonds.

It serves absolutely no purpose to guess the terms of TMR's bond issue with a generalisation about what you believe "Most bond agreements" contain.