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3.57%

27.0¢ hastings technology metals ltd

”conversion of notes into shares” ehlittle bit of free advice...

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friendlydwarves

3,381 Posts.

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13/04/24

18:28

Post #: 73331051
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Originally posted by jv123: ↑

No need to be rude on here folks. Without question hours of effort spent to confuse the public - beggars belief as to why ? Unfortunately his thesis is full of holes.

Generally, at maturity a bunch of things could happen, conversion of notes into shares, the issuer (HAS subsidiary rep in this case) redeems the notes at face value (ie. $150mill) or maybe both parties agree to extend the maturity of the notes, or.....or.... and or....; there are a multitude of possibilities......however the messiah wants us all to focus on a single outcome - solely at the choosing and discretion of Wyloo (the holder of the notes) is bloody laughable.

The reality is specified in the key terms of this note agreement. Maybe redeem, highly doubtful, but most likely conversion of notes into shares. Forcement by the holders (Wyloo) to repay cash is NOT POSSIBLE! This is as much an investment as it is a loan.

No argument, with the sp at its current value the investment doesn't look great presently however I am sure Twiggy's time horizon longer than most (...certainly the messiahs)

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”conversion of notes into shares” eh

little bit of free advice for ya guv: Twiggy didn’t get rich by buying stuff at 20x its market price

HAS Price at posting: 37.0¢ Sentiment: None Disclosure: Held
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Last 27.0¢		Change -0.010(3.57%)		Mkt cap ! $47.62M

Open	High	Low	Value	Volume
29.0¢	30.0¢	27.0¢	$458.4K	1.587M

Buyers (Bids)

No.	Vol.	Price($)
4	77598	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	30000	1

View Market Depth

No.	Vol.	Price($)
4	77598	0.270
1	1900	0.265
5	113549	0.260
2	14000	0.255
2	51999	0.250

Price($)	Vol.	No.
0.275	30000	1
0.280	70714	2
0.295	15681	2
0.300	13956	2
0.305	10000	1

Last trade - 16.10pm 12/06/2024 (20 minute delay)


Last 27.5¢			Change -0.010 ( 1.33 %)
Open	High		Low	Volume
30.0¢	30.0¢		27.5¢	582250
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