RE:RE:RE:RE:RE:RE:HORROR FINANCIALSOk I've redacted it to what I think your key points are. I'm not sure why you assume automatic dilution. The other half of the deal is revenue that produces enough free cash flow to retire the debt at 2 years. There is a renewal contingency just in case they hit a snag and, given the circumstances, the conversion option seems like a reasonable mitigant to ensure there is a third way out for the lender. They can only convert any outstanding debt to shares and the business plan should have that debt retired in time. This would make conversion no longer an option. You are presenting possible as probable which I don't think is accurate.
dontbelievethehype wrote: Really? No conversion eh? You ignoring the details, AGAIN?! Read and try to LEARN something this time TS, instead of being foolish and fakingit ..... Glencore would retain an option to convert the outstanding loan and interest balance at maturity into common shares of First Cobalt.......