ATU 0.00% 0.5¢ atrum coal limited

Ann: Atrum Provides AGM Update, page-27

  1. jfe
    119 Posts.
    lightbulb Created with Sketch. 3
    This is crazy talk Gators, absolutely crazy. Bob Bell and the management team are working madly to get this BSP ahead of Christmas (meetings all this week with govt etc), it might slide into the new year, but big deal if it does. I expect that a minority equity sell down in Groundhog North to the Japanese will closely follow the BSP being approved. When this is the case, the company will no longer be come raise.

    And if "the plan all along" was to buy the stock back at 30c...then what were they thinking floating the company in the first place? Wouldn't buying back all the shares cost them more than just putting those funds towards developing the business??
 
watchlist Created with Sketch. Add ATU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.