CBH 0.00% 7.0¢ coolabah metals limited

Hmm, maybe some idiots will sell the notes at $350 or so? Leave...

  1. 434 Posts.
    Hmm, maybe some idiots will sell the notes at $350 or so? Leave a bid in for 20 days and see if anything comes out.... but, lets be honest, no-one can be that stupid... right :P?

    To be honest, I don't know enough about the company to chuck a couple of thousand dollars in into ordinaries...

    But, with effectivly no debt worries, over 1Billion shares on issue, if in 2012 all bonds were paid out in 1589 shares... dilution wouldn't be TOTALLY substantial (ala BBI).... and I can do my sums on the interest payments:P

    So, 2* 2010 Calandar Year, 2* 2011 Calandar Year, 1*2012 Calandar year?

    Or, is there no 2012 payment?

    Assuming a 2012 payment, $350 just means I get my investment back in interest over 3 years.... and any face value that i receive back is my expected return... currently $158 or so.... at 62.9c, $1000, etc....
 
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