RE:RE:RE:RE:RE:Convertible ProceedsHalf a billion US dollars unsecured is no chump change. Someone is willing to bet on this mine, and willing to pay premium. Only two types of entities will do this. Entity 1, clearly needs the metal for their Electric Car company or Entity 2, a fund which is willing to pay premium at $9.30 a piece knowing the the company is worth 4 times as much. It's either one or the other. We shall know in a day or two. Cheers.
Tothemoon2 wrote: That's the problem. A 22% premium from the closing price before the announcement. With all the positives headed Ivanhoes way seems like a win/win for the bond buyers. Granted getting diluted at 9 something a share is better than getting diluted at what was it $3.96? to the Chinese.