Loj
in regards to the convertible clause that doesn't exist. Yes your absolutely right that it doesn't exist in the PR but there aren't really any terms disclosed are there. Why would we preclude a convertible? If they were clear before, why won't they be clear now and rule it out in the PR?
In the past their financings have been smaller (<100 million). Now they have one for 210 million. Their market cap is not really all that big (80 million according to Google finance). What is securing this 210 million dollar loan? In my investing experience with mining companies, I can't remember such a large ratio of new debt to market cap without a convertible being part of it.
I'm not saying it is a given because PTQ does seem to have a lot of connections with banks. But it also makes some sense don't you think?
The good thing for me is that even if it is a convertible, I don't see the share price dropping that much. It's already so low. For me I think a convertible would just take away a lot of the upside potential.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
