ARI 7.69% 2.8¢ arika resources limited

ok, all good. I can see how my comment was misunderstood,...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 219 Posts.
    lightbulb Created with Sketch. 65
    ok, all good. I can see how my comment was misunderstood, appreciate the civil reply.

    To explain my comment I refer to the NME announcement 29 Sept:

    Nex Metals Explorations Ltd (Nex or the Company) is pleased to advise that creditors and liabilities
    amounting to $1,283,140.00 has been satisfied by the issue of shares in the Company at a deemed
    issue price of $0.05 for total shares issued of 28,919,475.
    This is a 42.86% premium to the closing price on 28 September 2022 of $0.035.
    The creditors include legal and corporate advisors, other professional advisors with respect to the
    recent takeover bid by Metalicity Ltd (ASX:MCT) and the application for forfeiture which is an
    ongoing process in the Wardens Court and various other sundry creditors.
    The Board considers this a significant vote of confidence and trust in the Company and a significant
    improvement with respect to solvency and moving forward.
    This then leaves few remaining creditors on the balance sheet besides directors and related entities.


    So I read this to mean as their outstanding creditors have been now satisfied any funds received from a costs award would thereby go straight into the bank.

    I agree with your comment about the 91M shares they hold. Very unusual.

    all the best.

 
watchlist Created with Sketch. Add ARI (ASX) to my watchlist
(20min delay)
Last
2.8¢
Change
0.002(7.69%)
Mkt cap ! $17.32M
Open High Low Value Volume
2.6¢ 2.8¢ 2.6¢ $39.11K 1.425M

Buyers (Bids)

No. Vol. Price($)
1 249959 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 226470 1
View Market Depth
Last trade - 11.56am 05/11/2024 (20 minute delay) ?
ARI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.