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I see that as convertible bonds myo. We have a history of preferring that direction and it offers a bonus as you have the lenders ears for further propositions and or extensions of the bond time period. This would give the company control in the future for the beyond woodsmith ventures touted by scotman, also it would allow dividend returns to keep the shareholders happy.
Myo if you add to that the line that they are working to minimise dilution ?? it indeed could be a combination of the two ????
Chris I truly can’t see that it’s not possible .
Tell prospective bond buyers that this multi billion $ company that are digging through the biggest risk factor are now massively incentivised are now in ! Bingo it’s every bit as good is a warrant or gov assistance!!
Ffcmember.
That would be happy days indeed.
Surely the s.p is too low to have a placement raise. I can see that we will suffer some form of dilution,but this isn't going to be the way as I see it.
I know. Dont call me shirley
The bottom line for me is that there were buyers for the bonds but the warrants tipped it over what JPM had agreed !!! Let’s get a strategic investor in at the smallest dilution (DMC hopefully) and the rest in bonds anything under twenty% , tbh that way we could end up with less than the ten billion in circulation that was proposed before. 15-20p soon ? Absolutely
Gla
ffc
Put a rights issue out. Fund the 470. Dilution I know but the sp would no doubt rise and then people who want out could go. Once producing use 10% of the profit to do a buyback. Removing the shares from the market would put the value back. If the iis can make from a deal maybe we should be given the option of doing the same.....unless Mr Fraser thinks there isn’t enough pi interest. It may jolt the institutions into life. Or.....the deal is already done and just waiting dd and signing off.:-)