Yes that's right they won't be converted until close to expiry in May next year and SP higher than costs so hopefully it will be at that time, no guarantees.
Will take some good news for that to happen, management need to do that. Not impossible to double the MC by then even with more dilution. I remain both optimistic and cautious and I accept there's CR's along the way.
CLY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
