RE:RE:RE:Convertible Debenture
FWIW (am I seeing this right?):
The debt is due Dec/25.
Barring change of control, Northern Star can convert one year later at $4.00 (as of now approx 38.5 million shares); OSK can convert it two years later. The joint venture conversion is off the table (for now).
Anti-dilution provisions apply.
Under the current NCIB for 2023, OSK is allowed to purchase 29 million shares (in 2024 the share buy back tax kicks in). If they buy a bunch before the $4.00 mark (with some of that Northern Star et al money) does that not negate some of the fear and cost of dilution of a possible Northern Star conversion?
Yes, interest payments (or Northern Star can let them accrue and gain more shares).
Yes, financing for a mill; but historically, they've always been able to figure it out - and will have to (or big brother Osisko Royalties could step in?).
...and maybe, just maybe, OSK could also please buy back Drunken Uncle BTR's shares and kick him off this board.