Reading through the newest broker report
http://aureliametals.com/uploads/5/11/Macquarie Bank Research Note 2 Oct 2014.pdf
I came upon this (p12):
"Under Phase 2 of the agreement Pacific Road has first right to participate in any future
placements up to a value of $10.7m. Phase 2 funding will be priced at 30 day VWAP with
$0.7M of the placement priced at the Phase 1 price.
Pacific Road recently partially exercised its first right by participating in a placement made to
AMI’s mining contractor. Pacific Road subscribed for an additional 2.7m shares at the Phase
1 price and 7.1m shares at $0.3578/sh. Pacific Road now has a 19.9% interest in AMI."
Well, that explains why the placement to PR took place. It raises the question, of course, why we didn't pay our mining contractor in cash. Did they have a right under the contract to demand shares?
Reading through the newest broker report...
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18.0¢ |
Change
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Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $275.0K | 1.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 656462 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 134486 | 4 |
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