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
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.24M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 6.7¢ | 6.7¢ | $5.829K | 87K |
| ERG (ASX) Chart |