Yeah Grim there really isn't much of concern with AIP. PAM's ATM facility is near identical to GR1 for their brine project in Catamarca Argentina. Facility is a little smaller ($8M), same discount (7%), with GR1 retaining control of placement (when, size, final price greater of VWAP and floor of GR1 choosing).
What this ought to do is give investors confidence that PAM can successfully (and efficiently) access (equity) capital when it needs to. This is nothing more than a "Corporate Credit Card" ... the currency is our stock ... and you've entrusted that to our BoD. ATM facilities are common in USA markets (implemented differently than on ASX but conceptually the same). There really shouldn't be any concerns about PAM not having capital available to make payments for the Chile Option Agreements or to get fieldwork and drilling going over there.
Get it relisted. Those that want out can get out. Those that want in can get in. The market will decide the price - up to the buyer to discern the "value".
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Yeah Grim there really isn't much of concern with AIP. PAM's ATM...
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