RE:RE:Nio, Tesla, Other EV CompaniesNews out that over allotment will be Excercised. Conversion price of the raise is $9.30 per share, I suppose it is projected to move much higher from there. I still think it is a BIG EV maker. This EV maker could also be based in China. Any case we will know by Wednesday for sure. Whoever it is, they have a lot of confidence in the Company.
BlackBartt wrote:
rexrex wrote: The USD $500 Million dollar bond raise feels like it could be a big EV player paying to have a seat at the table. Supposing they convert the bond to shares it would be at a share price if close to $10 CAD. That's almost a 30% lift in investment as well as having a say on supply of copper. Why only have long term supply agreement when you can also own a piece of the company. I see good things here, in my opinion....Can't wait for Wednesday, when funding is completed ...we will know soon enough...
China.
BB