The fact that the lenders have opted to include the conversion clause and signed off at a premium share price perhaps is an indication of the value they see in the project.
It also underlines the potential share price upside that could occur as the company transitions to a producer with a much lower cost profile.
lender happy only our non holder is unhappy!well WHAT can I SAY TO NON HOLDER??
Ann: 2 Year Extension of Convertible Loan Facility, page-16
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