RE: Cotec's convertible7 Sep 2022 09:20
You guys do make me laugh :)
There could be all sorts of deals shaping up in the background that the BOD are working on to send this bagging+ from here.
Cotex are happy to continue to play ball and, no, it's not a death spiral otherwise nobody would be piling in at sub-teens :)
Cotex are likely aware of possible outcomes here, hence the 27p payback in shares clause and the 5% coupon isn't too hefty as these things go so it's all good from my perspective.
Let's see if some wow news drops in the coming months.