RE:RE:RE:RE:RE:RE:RE:RE:More buyers then sellers, lets be positive!copperplay wrote:
ark88 wrote: The said convertible debenture matures on November 25, 2021.
Until said maturity, it's all just talk. Based on SNVs press release, by November 25, SNV has the option of paying the principle plus 8% interest or issue 19 million shares to SGE.
For SGE to "request" release of interest sounds rather soft and premature. IMHO
I don't think this is an option based on my discussion with the company before asked this many times. Find out for sure and let us know
Once they announce new PSC or new business this stock will get back to 10 quickly
The following excerpt is taken from the press release in October 2019 announcing the debenture with the partner:
The Debentures may be converted into Common Shares of the Company at any time in the first year at $0.085 per Common Share. Debentures converted in the second year, before the expiry, are convertible at $0.10 per Common Share. As previously announced on October 11, 2019 the convertible debentures have been issued to Sonoro’s Indonesian partner for funds advanced to Sonoro for the Selat Panjang project to date. Under terms of the agreement, Sonoro’s first year project costs will be carried by its partner for a maximum period of two years and will only be converted into common shares should Sonoro not repay such advances after this timeframe.