No Mike, it was suggested that it would be an acquisition in relation to the HR Tech side of the operation. Andrew said it was this calendar year and although I always think people get confused about timing at this time of year (!) I genuinely think he means in the next few weeks. Mike, that makes sense, they don't want that $5 mill burning a hole in their pocket without putting some of it to use asap. This is why i asked the question about whether they pay interest on the full amount immediately or only when drawn down. (The loan is costing $40k a month in interest ... they know that, they've done the sums, he said that himself). They've raised with a view to not simply opex but to buy something. That's my strong conclusion. This is good news, in fact the more i've pondered it I have concluded that it's great news. I honestly think they realise 'it's now or never'. They have bought themselves some time with the $5 million and now they realise they have to start swinging HARD. I get the impression the directors are as frustrated as the shareholders are. Again, this is good news. We can all carry on but at the end of the day I think these directors are not fools. And whilst I think that 10% is way over the odds ... 10% is cheap if they buy well. I have ALWAYS thought these guys will buy well, and they proved it with AOM. I'm going to give them a lot more time. It is killing me but I haven't lost faith. As to whether it's a buy at this price, well I would have thought it's punt of the year but I've been wrong before. Clearly this ain't financial advice.
- Forums
- ASX - By Stock
- AD1
- agm questions
agm questions, page-11
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AD1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.584M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 866632 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 4534491 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 866632 | 0.005 |
7 | 5300191 | 0.004 |
2 | 1440000 | 0.003 |
2 | 2200000 | 0.002 |
5 | 6833136 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 4534491 | 8 |
0.007 | 900000 | 2 |
0.008 | 83333 | 1 |
0.010 | 428329 | 2 |
0.011 | 100000 | 1 |
Last trade - 16.12pm 15/10/2024 (20 minute delay) ? |
Featured News
AD1 (ASX) Chart |
Day chart unavailable
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online