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1.3¢ allegiance coal limited

Ann: Change in substantial holding, page-59

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Buylow123

249 Posts.

28

22/02/23

13:20

Post #: 66395563
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Originally posted by Zxc: ↑

I think if Collins st get New Elk and Black Warrior it is game over, only glimmer of hope is they have maintained their required cash balance so that isn't forfeighted as yet?

Additional material terms of the Note are: Allegiance must maintain a cash balance of no less A$5.7M post tranche1, increasing to A$7.1M post tranche 2 and for the remainder of the Term

That would allow them to sell Short Creekand Tenas and continue operating at New Elk and Black Warrior.

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Yes not sure why they didn't not tried to offload tenas and short creek. they could have turn the ship around by focusing on two operating mines

AHQ Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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