Exactly ... mind boggles on the decision making process AG's tenure hasn't got off to a good start IMO This is a dejavu moment raising at the yearly lows May 2023 $10m + $1m SPP @ $0.185 with no options 17.8% discount to last traded price and 23.6% discount to 5-day VWAP Mar 2024 $16.2m + $2m SPP @ 0.18 with 3 options for every 4 new shares 18.2% discount to last traded price and 23.5% discount to 5-day VWAP Having to offer options this time says a lot seeing as so much has occurred since May 23 (U price increase, Swedish positivity, Haggan SS, Resource extension drilling, FEED, new MD - AG)
For those who received the term sheet would appreciate it if you could confirm who manager/broker was for the placement
AEE Price at posting:
17.0¢ Sentiment: None Disclosure: Held
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