mjgol2
What you are saying in effect is that AAM will raise at 36 cents/share
1. $31.5m by the placement of 87.5m shares; and
2. $20.5m by a rights issue involving almost 57 million new shares.
3. (1) and (2) above will result in a 50% increase in the total number of issued shares (when you count the existing options).
What are their plans for this $52m? Have they now decided against having the hedge or have costs blown out? Will the SPP be underwritten?
loki
- Forums
- ASX - By Stock
- ADU
- Ann: Trading Halt
Ann: Trading Halt , page-9
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)