AJQ
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3.13% 3.1¢ armour energy limited

Ann: Convertible Notes Redemption & Refinancing, page-23

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  1. firsova
    4,994 Posts.
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    19/03/19
    19:17
    Post #: 37815008
    That is cheap money given the notes with strike price of 11 disappear.

    ROE of 20% + using credit at under10% is far better than dilutionary impact of the notes in my opinion.

    Very good outcome and puts the stock in play as the overhang of the notes stopped anyone who wanted a stake taking it over the note strike price.

    AJQ Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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