"I understand there is quite an appetite for high yeild debt in the States at this point in time...."
There is indeed.
Nott sure what will happen withis this company but if they are chasing debt bu means of high yield corporate bonds they will have no shortage of suitors.
Almost foreign in Aussie from what I have seen. in the US it is much sought after and common. the GFC would now be working favour of any company seeking this form of debt.
Strategic move if this is what they are planning. $70m is peanuts to those providing this form of funding.
permit to mine, page-39
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Last
6.2¢ |
Change
-0.021(25.3%) |
Mkt cap ! $197.6M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.6¢ | 6.1¢ | $8.401M | 126.7M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 2735758 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 494493 | 5 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |