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Re: And more---CONVERTIBLE LOAN Management reiterated that it is looking at new business opportunities outside Egypt, but the gap in expectations between buyers and sellers continues to frustrate deals. The company’s $98m of convertible loan continues to place a claim on TransGlobe’s Q1/17 cash, but the Canadian dollar’s weakness has reduced this burden to $66m I believe the claim on cash is more like $74m as the convertibles are trading at a 11% discount to the loan amount. |
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Msg # | Subject | Author | Recs | Date Posted |
1395 | Re: And more---CONVERTIBLE LOAN | worldcupz | 0 | 11/15/2015 8:05:17 PM |