** 7.3c chart gap * financing I keep reading in this place how AIM will soar once te financing is announced.
I'll put it VERY SIMPLY.
Unless AIM soars BEFORE the financing is announced, AIM could even fall once the financing is announced.
Why?
Very simple. AIM needs to raise about AUD 100 million.
How much money will AIM borrow? AUD 65 million? Then how does a non renounceable one for one issue at 7 cents sound? That would raise about AUD 35 million.
Or an issue of 500 million shares at 7c to another party/parties? Maybe with option sweeteners in addition? That would sure dilute current AIM shareholders!
I'm also probably not wrong in saying that current AIM shareholders do not want to fork out anywhere near the current value of their AIM share holdings in money given to the company to finance the zinc mine.
The issue is that AIM already has a substantial amount of paper out there.
** 7.3c chart gap, page-24
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