AJQ 3.13% 3.1¢ armour energy limited

Ann: Convertible Noteholder Seeks Early Redemption, page-21

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 219 Posts.
    lightbulb Created with Sketch. 12
    There was a "dispute" between Amour and M.H. Carnegie when AJQ raised the Environmental Bond funding with Tribeca (Ann 26/07/2018). There wasn't much detail given at the time but i assume MHC thought it was a breach of their financing deed and they were ready to redeem straight away in June 2018 but it was only through negotiating changes to the deed that MHC agreed to a stand still on early redemption until 31/12/2018. So the writing was on the wall at the time i guess that they were every chance of going early redemption, but i must admit it slipped under my guard a bit. It really just sounds like MHC got the shits when they went to Tribeca for funding and not them. I think the security may have had something to do with it also, i.e Tribecas funding had security of AJQ's assets but MHC's was unsecured (that is just from memory so dont quote me on that part).
 
watchlist Created with Sketch. Add AJQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.