Post by
rexrex on Mar 15, 2021 2:13am
Nio, Tesla, Other EV Companies
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...
Comment by
BlackBartt on Mar 15, 2021 4:39am
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Comment by
rexrex on Mar 15, 2021 7:28am
News 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.