re: Ann: Raising up to $US17.5m to fast track... The big boys always get sweet deals. They are getting a great dividend rate relative to current interest rates, and effectively an option on a 15c share price.
On the other hand, AOK has no debt and a cornerstone investor. This does no stop a RBL facility in the future I assume.
Details aside, the funding should allow AOK to accelerate operations much faster. The pie is bigger for all, but Ptolemy got the best slice.
Thy now have $10M burning a hole in their pocket. Wonder what they will do with it?
Ann: Raising up to $US17.5m to fast track Snake R, page-5
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $3.778M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $52.73K | 13.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 19519601 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 2584086 | 2 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| AOK (ASX) Chart |