RE:RE:RE:1500 gold... when will STGO get some respect? Yes - You are correct. These ones are convertible ay 70 cents (which would have been the approx share price at the time they originally negotiated this financing a few months ago), but they have added the right for the company to force the conversion early: "The Company has the right to accelerate the conversion of the Debentures in the event the closing price of the common shares on the Toronto Stock Exchange exceeds C$2.00 for any period of 30 consecutive trading days." (Recall: their maturity date is July 2021)
Why would the company add that caveat in there, UNLESS management was expecting (in the nearer term) that the SP would return or exceed that value?
I understand that besides this financing, all the warrants that the insiders all hold are all at $2.00 conversion level as well - Show me another management team does that?? (They could have easily set them at a much lower SP for them to cash in $$ as insiders)....Instead it seems that they are putting their own money where their mouths are...I believe this is indicative of a management team that sees a $2.00 SP as a "bottom" soon and a SP much higher than that when they are into production.
My 2 cents!