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Sirius Minerals Share Chat (SXX)

Share Price: 14.20Bid: 14.15Ask: 14.21Change: 0.06 (+0.42%)Riser - Sirius Minerals
Spread: 0.06Spread as %: 0.42%Open: 14.02High: 14.25Low: 14.01Yesterday’s Close: 14.14

Share Discussion for Sirius Minerals

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Posts: 3,780
Opinion:No Opinion
Clocked this then?
19 May '19
"Following completion of the Existing Convertible Bonds Buy-back (as described below), the Company
expects there to be US$138 million in aggregate principal amount of the Existing Convertible Bonds
outstanding. The Company expects the conversion price for those Existing Convertible Bonds to be
subject to adjustment pursuant to the terms and conditions of Existing Convertible Bonds as a result
of the Firm Placing and Placing and Open Offer."


From that is there an expectation of a repricing of the conversion price of the remaining 2016 CBs from ~25p to somethng like 25p x 4.79bn/6.98bn? Around 17p?

Nothing now would surprise.........And that would be a nice something else for the 'Doomsters' to chew on I supose!

Mutter, mutter. The pos positive is most CB holders have so far shown very little inclination to convert.


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