'...the aggressive selling of the note, was orchestrated, for...

First 33 Last

Share
Profile

Follow
capriccioso

743 Posts.

167

17/06/24

12:44

Post #: 74350037
Share

Originally posted by stevenjd: ↑

if they raise half of it, can they linger on until the ARB is paid out ? or equipment sales ?

I note they are allowing holders to apply for more than their allocation.
If i put my conspiracy hat on, i could speculate that the aggressive selling of the note, was orchestrated, for who ever to scoop the equity on offer at this raise.

How does a note holder, just decide his own terms when a floor price is breached ? and to sell the stock, into a spiral of its own making, redeeming the relevant volume conversion after the event to always cover its backside ? I dont know enough about the convertible notes to argue that case further. But something stank. And still stinks.

And when they had to breach the floor price of the note, and into the companies 15% capacity to facilitate it as a placement. Surely Brian would have been aware at that point of the 1.5c floor breach, and the conversions that were flooding the market before the cleansing statements. ? Why didnt he call stop then. And do a rights issue at those prices ?

Yet here we are. At 150% dilution including the new options. And who is the benefactor ?
Shareholders are left wondering if their disgust in this debacle, is to leave them with 40% (100/250) equity if they do nothing, allowing others to steal that 60%. Or if this really is the last train wreck of management before that promised offtake finance is delivered.

I'm just sick of the dog at the homework. And the capital destruction we are witnessing.
This is a very shameful debacle. And a question lingers over how the aggressive selling of the note holder was permitted / not restrained, to get us here.

Expand

'...the aggressive selling of the note, was orchestrated, for who ever to scoop the equity on offer at this raise."

I guess this will be a data point for our future decision making. It there is a large take-up of the offer, and particularly the short-fall offer, then that may well have been the plan. If not, then it would probably signal the demise of AAU.

AAU Price at posting: 0.4¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

There are more pages in this discussion • 46 more messages in this thread...

First 33 Last

Add AAU (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $3.986M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$24.74K	6.185M

Buyers (Bids)

No.	Vol.	Price($)
18	29581090	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	4029364	4

View Market Depth

No.	Vol.	Price($)
18	29581090	0.003
5	7250000	0.002
5	19500000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	3727871	3
0.005	7315750	9
0.006	1167632	3
0.007	609743	2
0.008	500000	1

Last trade - 16.10pm 19/06/2024 (20 minute delay)

AAU (ASX) Chart

'...the aggressive selling of the note, was orchestrated, for...

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

'...the aggressive selling of the note, was orchestrated, for...

Top Stories

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News