anyone putting in $15m knows more about the potential than we...

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Ravin'

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07/07/17

11:10

Post #: 25723872
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Originally posted by BreakingBad01 ↑

The funding is nice to have. The $15m first stage does not involve any options and therefore is effectively at 5c issue price which is fine. It's at a 25% premium.

The second stage of $10m, which involves free options, was the controversial one (for me at least) given that those options are worth something using Black Scholes model, and so the effective issue price is well below 5c. Now that will only happen after a shareholder vote. But even if that vote fails the initial $15m stays with ANL. I think that's a good structure.

The main silver lining is the change of Chairman. Finally we will have a major shareholder who will likely be loathe to water down the stock endlessly like Klaus loves to. I am glad the dilution will be somewhat more limited, now that reins of power are with someone else. I never much admired Klaus's corporate finance skills. I prefer his role as an GEO advisor better.

Another silver lining is ANL becomes a direct Chinese led company now. That means we become untouchable as far Kabila/DRC regime change goes. We bought ourselves some insurance..

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anyone putting in $15m knows more about the potential than we do. Expect that better results will be forthcoming after oppies expire......

ANL Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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anyone putting in $15m knows more about the potential than we...

Top Stories

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

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Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

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