AAU 14.3% 0.4¢ antilles gold limited

Ann: Cleansing Statement, page-19

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 27,772 Posts.
    lightbulb Created with Sketch. 3366
    If the note holder is taking 1c for this 15m shares, will put pressure on the 1c line, sees the rest of the mad cows sell into 0.9c. What do they expect.

    If the company could deliver on either a 3rd party JV, offtake finance, equipment sales, Arb cash forthcoming.
    Why would they dare dilute the registry with allowing any more placement capacity into a note?
    At this point, any price they provide a conversion at, is likely to be reached by the market, being the con note as the seller, or the rest of the market anticipating supply.

    Any further issue of these notes at any further discount, has to be considered off the rails. And not viewed as acting in the best interest of holders surely ?

    Company needs to deliver on the items above, nothing else.
 
watchlist Created with Sketch. Add AAU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.