The convertible notes in ERG look VERY attractive given that there will be a resolution put to shareholders to convert the convertible notes to equity at the rate of 90 shares per note. At $6.38 this means that the 90 shares converted would only cost 7.09c
This is nearly 50% less than what the shares are trading at.
convertible notes
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.353M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22408 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 6000 | 1 |
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| Last trade - 16.12pm 27/05/2022 (20 minute delay) ? |
| ERG (ASX) Chart |
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