CAM Proposed Restructure of Convertible Redeemable Notes

Claire News

CAM has 22.58m Convertible Redeemable Notes (“Notes”) on issue. The Notes mature on 30 November 2021 at which point all outstanding Notes will be redeemed at face value. The Notes have a face value of $0.96 per Note and pay a fixed interest rate of 6.25%p.a, payable quarterly in arrears. With $3.5m in cash at September-end, the Company will likely …

Regal Investment Fund (ASX: RF1) Announces Placement and Accelerated Pro Rata Non-Renounceable Entitlement Offer

Claire News

On 6 October 2021, RF1 announced it is conducting a placement to institutional and wholesale investors and an accelerated non-renounceable entitlement offer on a pro rata basis to eligible unitholders. Combined the Fund is seeking to raise up to $212.3m. The Placement will consist of the issue of up to 17.3m new RF1 units to institutional and wholesale investors at …

Bloomberg Commodity Index Hits All-Time High

gavinwendt News

There’s more underlying proof of commodity price strength, with the Bloomberg Commodity Spot Index (which tracks 23 energy, metals and crop futures contracts) rising above a previous decade high set back in 2011, to reach a fresh all-time high. Resurgent commodity demand is coinciding with supply constraints, leading to real worlds shortages and inflation. Among the biggest gainers are energy …

China’s Electricity Crunch Is World’s Latest Supply-Chain Threat

gavinwendt News

China’s energy crisis is shaping up as the latest shock to global supply chains as factories in the world’s biggest exporter are forced to conserve energy by curbing production. The disruption comes as producers and shippers race to meet demand for everything from clothing to toys for the year-end holiday shopping season, grappling with supply lines that have been upended …