DML 0.00% 1.9¢ discovery metals limited

trading halt, page-3

  1. 357 Posts.
    OK - so we know that the trading halt relates to the company's financing arrangements.

    Possibilities include:

    1) Announcement that the existing debt facilities contain an undisclosed market cap covenant that has now been breached. I have no idea whether this is a possibility, does anyone know???

    2) Announcement that the bond issue has been finalised.

    3) Announcement that the bond issue has been withdrawn.

    4) Announcement that a smaller bond issue has been finalised, in conjunction with an underwritten equity raising.

    5) Announcement of an equity raising.

    all intelligence very very welcome.
 
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Currently unlisted public company.

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