Lower shares on issue delivers much greater returns to holders compared to peers with much higher SOI.
A4N could be a $1 billion company and the shares would only be $1.26
FYI at a $1 billion MC would have a SP of $2.73
FYI, if each stage is passed won't require any further CRs to fund our share. The same can't be said for any peer. We will also be under the wing of the worlds leading alumina producer that won't stop at 1 plant.
Not saying either co will be that MC so as to not trigger the muppets.
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