ADT 0.25% $3.98 adriatic metals plc

Ann: US$244.5M Proposed Project Finance Package, page-15

  1. 5,291 Posts.
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    Overall I'm happy. People complaining about $2.80 price but remember Paul went over to London to start negotiations on the finance package over a month ago.. the price was around $2.80 then.

    The only thing that I can't wrap my head around is, why have insto's been buying on market at $3.20-$3.30.. Jefferies by themselves took around $8-10 million on market at $3.20... Meryl lynch took $2million on friday last week around $3.20-$3.30... so strange considering plenty of equity being raised.
 
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