Australia's largest stock trading and investment forum Australia's #1 stock forum

AKE

Click for more information

0.00%

$9.83 allkem limited

Ann: Olaroz Lithium Facility Operations Update, page-69

First 69 Last

Share
Profile

Follow
wg159

310 Posts.

13

27/06/15

13:04

Post #: 15541202
Share

Originally posted by Foglefar ↑

So management discount 9% to new shareholders (probably resulting in SP dropping the same). So loyal shareholders get diluted by 11% on top of the 9%.

Seems to me management are saying, "thanks loyal shareholders, take a 20% hit." Not a great marketing strategy, p1ssing off your existing shareholders.

Expand

You can't have the cake and eat it too.

Originally posted by dreamcatcher1 ↑

Yes it is encouraging the executive invested considerable amounts in the last cap raising. At least we're in it together. Why couldn't they go to the bank and borrow rather than raise capital, given they are so close to production?

Expand

Because debt is the enemy... Personally I rather dilution than a chance of collapse.

Having said that, this is a good chance for new investors ... like me. Or for current investors to increase their holding, if you saw value at $2.50 you must be laughing at the value now.

ORE Price at posting: $2.10 Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The iron ore comeback: Can it last?

HAS

Hastings progressing Yangibana to production with lower costs

ZNC

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

There are more pages in this discussion • 3 more messages in this thread...

First 69 Last

Add AKE (ASX) to my watchlist