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0.00% 99.5¢ linc energy ltd

Can this explain as to why sp has tanked from 65c to 46c. Below...

  1. zebra74
    262 Posts.
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    09/04/15
    18:27
    Post #: 15060037
    Can this explain as to why sp has tanked from 65c to 46c. Below is extract from a Linc ann. regarding 50mill buyback of notes.

    "On 10 April 2015, the conversion price will be reset to the lower of 115% of spot reference price (being the average of 10 days VWAP preceding 10 April 2015) or the existing conversion price ("2nd Reset"). The 2nd Reset is subject to a conversion price floor of S$0.77."
    LNC Price at posting: 99.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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