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29.0¢ american rare earths limited

Thanks Mate, I have only held for a couple of months now so...

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TMA18

33 Posts.

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08/10/21

11:24

Post #: 56656381
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Originally posted by prawn_man: ↑

Amigo, I'm not an expert but I'll have a go. My take is that shareholders are being asked to vote on Directors being given options at 20 cents. The conditions of the offer are given and the diultion of the SOI (shares on issue) is calculated if each directors pay the 20 cents per share. The directors are offered 1.5 million to 5 million shares depending on factors such as their time with the company, etc. So it's a bit like a placement but not at a 15% discount - instead it is at a premium of about 15% on today's price. I guess it's a reward for their work in turning the company around from a cobalt/base metal player at Broken Hill (shareprice of 1.5 cents in Dec 2019), to its victory in its long legal battle with Cobalt Blue (COB), and to a potentially big player in the USA's rare earth industry (shareprice of 17.5 c today, but blue sky tomorrow). Hope that helps.

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Thanks Mate, I have only held for a couple of months now so didn’t witness the good work they have put in as such but I do believe in rewarding good work and making it worthwhile for the best to stick around and not be poached etc

thanks again

ARR Price at posting: 17.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 29.0¢		Change 0.005(1.75%)		Mkt cap ! $140.9M

Open	High	Low	Value	Volume
28.0¢	29.0¢	27.5¢	$68.34K	242.1K

Buyers (Bids)

No.	Vol.	Price($)
3	122051	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
29.0¢	86449	3

View Market Depth

No.	Vol.	Price($)
3	122051	0.280
5	93512	0.275
7	65730	0.270
9	202909	0.265
6	246242	0.260

Price($)	Vol.	No.
0.290	89507	3
0.295	612762	6
0.300	48500	2
0.305	52887	3
0.310	89533	7

Last trade - 15.06pm 17/07/2024 (20 minute delay)

ARR (ASX) Chart