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1.1¢ alexium international group limited

Ann: Alexium Announces Rights Issue, page-118

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DDuck

806 Posts.

42

30/10/19

09:22

Post #: 41137736
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Originally posted by SebTaylor: ↑

I’m of two minds about potential underwriters underwriting the balance of the likely shortfall – yes it may mean we pay of the full debt – but on the other hand many of them are likely to sell into any share price recovery which may possibly keep the share price low for a while yet.

It may not be a bad thing to pay down some debt, re-finance now or mid-next year and extend the loan term. Perhaps also look at a placement after the next 3 quarters and after the end of the 19/20 financial year – that is if there truly are interested parties in AJX holding off investing only because of the debt and perhaps because of not being EBITDA for a couple of quarters

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Hey seb

I think it's better now to get it fully subscribed. Better to be 7-8c or so and debt free than 11c and still with the debt hanging there. If the company is truly tracking to cash flow positive in the next quarter or two then the share price will rise.
Given it appears the CEO and friends are prepared to stump up $500k, this is a huge sign that company is progressing.

Not sure why though if CEO says ICL wants to distribute the product now that they didn't find a way to make this happen.

dd

AJX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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