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Sickening revelations Shares! Obviously a desperate deal done by...

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Colonel B Ron

329 Posts.

14

05/12/14

00:32

Post #: 14411815
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Originally posted by shares007 ↑

At risk of bursting your bubble you might need to take a 2nd look at the fine details of both $40 million capital raisings. Noble are earning 10% per annum interest on their $20 million plus all of the free options on the off chance the project moves ahead so they can win 1 or 2 ways. The investor group hold notes that if not converted will be redeemed at 120% face value plus free options and possibly a cash payment from sundance for the difference between sp and 10 or 12 cents on trigger events. Also condition of no more than $40 million to be raised from other investors from memory. Wafin walk away with 130% if they don't convert their notes. Investor group and wafin also get free options so if there's a big money takeover they are all ensured of a massive payday. I'm sorry to say it but these investors are not your friends. They have the company by the short and curlies while it's down.

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Sickening revelations Shares! Obviously a desperate deal done by men desperate to keep their gravy train on the rails as long as possible.

SDL Price at posting: 2.6¢ Sentiment: None Disclosure: Not Held
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