AON 0.00% 2.1¢ apollo minerals limited

Ann: Trading Halt , page-3

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  1. 5,444 Posts.
    lightbulb Created with Sketch. 640
    this was always on the cards.
    either they
    want to go it alone on the Bundi drill or
    they couldn't get a farm-out (on favourable terms)

    25 million shares at 2 cents would be ideal for 500k plus the 500k they have in the bank. thats enough for the IP and a drill but it will more like 1.6 cents. can't quite remember how many FPO are outstanding but it will be the full 15% I imagine at a discount.
    better they go it alone for the blue sky punter like me. Bundi's a big target by their accounts
 
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