SRL 9.82% 50.5¢ sunrise energy metals limited

Sunrise...Financing the Mine, page-3

  1. 4,864 Posts.
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    Sally
    The last thing you want is debt which is convertible - let me explain why - for the debt holders they have a fixed capital position - the moveable feast is the stock price- the more they bash it down the more shares they get on conversion and the more money they make - convertible bonds are the kiss of death- we do not want them- I have yet to see a share appreciate once convertibles have been issued.
 
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