PAX 0.00% 1.2¢ panax geothermal limited

funding announcement, page-8

  1. 7,186 Posts.
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    William

    You want me to explain the difference between a convertible note and a straight working capital facility?

    C'mon. You can do a little research yourself?

    Look, you may be right - it may be a con note but given the language used I very much doubt it.

    Perhaps someone with a direct line to KP could ask the question?

    @ Kookaburra

    I agree with you. KP will use this facility sparingly imo and as late as possible - the higher the price the less the dilution.

    At face value a very good deal struck by KP here imo.
 
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