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

FL1

Click for more information

0.00%

17.5¢ first lithium limited

Ann: Ookami signs collaboration agreement with NCX, page-9

First 9 Last

Share
Profile

Follow
SP3

18,710 Posts.

306

14/02/18

00:04

Post #: 31035238
Share

Originally posted by gaff81 ↑

sp3 - I don’t understand where you are going with this post. I am not being negative, I just don’t get it and I would like to.

They didn’t give away 20% of their business, they sold a stake in it for $1m.

You wrote, Did they have any hope of capital raising in order to expand if they weren’t connected with a listed company ? - of course, same way anyone else does, by selling a stake in the business, which is what they did. They could have sought a private individual or any entity buy in - who would want equity for doing so, they determined OOK was the right fit.

Are you meaning future capital raising? As in Brontech will need more capital raising and so need to be aligned with and ASX company to do so? Why? And why would OOK be diluted to achieve that - why would the 20% stake require OOK to provide funding Brontech or a dilution in shares to do so?

Again, please don’t read this as being criticism or negative, I would just really like to understand your point.

Expand

My understanding is that OOK will be funding Brontech's activities. True? If so, how will OOK achieve this without dilution?

OOK Price at posting: 7.2¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

AHK

Ark Mines provides strategic update following mining lease submission

RCE

Recce progresses testing of gel to treat bacterial skin infections

There are more pages in this discussion • 14 more messages in this thread...

First 9 Last

Add FL1 (ASX) to my watchlist

(20min delay)
Last 17.5¢		Change 0.000(0.00%)		Mkt cap ! $13.93M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	950	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	16052	2

View Market Depth

No.	Vol.	Price($)
1	950	0.170
1	20000	0.165
3	148640	0.150
1	28000	0.145
1	6000	0.140

Price($)	Vol.	No.
0.185	16052	2
0.195	5000	1
0.210	5477	1
0.225	31238	1
0.230	6286	1

Last trade - 16.12pm 09/10/2024 (20 minute delay)

FL1 (ASX) Chart

Day chart unavailable

SPONSORED BY