AOP 0.00% 61.0¢ apollo consolidated limited

will do a virotec, page-23

  1. 6,495 Posts.
    lightbulb Created with Sketch. 175
    They do not have a reserve yet all they have is colour in dirt.Extensive drilling will eventually prove a reserve,which will also take time and that costs a whole heap of money which AOP don't have and it is going to dilute AOP because they have to get it from somewhere and the banks will not give it to them so they have to raise it through investors, which means more shares through placements at a discount.So ATM discounted shares from .008cps means a whole heap of shares to get funds. Hundreds of millions of shares to get enough dollars which ='s dilution to the point of EXM,ERM,PRE, etc etc.
    It aint as simple as you see it.
 
watchlist Created with Sketch. Add AOP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.