AAM is now to be officially recapitalised! An injection of funds into the company @ 2.5c per share, a SPP @ 2.5c per share, wiping out of all debt (and debt to Watpac was negotiated at a discount, as we know). Also, Stone on the Board to assist in enhancing their investment- all good, I reckon.
With a current SP of 1.9c, we're now @ 25%-30% discount to the SPP price. It will be interesting to see how the market responds to this new potential. A company without debt, and with fresh capital to undertake its programs.
This was the ANN we needed. Company turnaround time! If ever there was (and is) a company that's beaten up, it's this one.
Any AAM holders left on here? I'd be interested to hear your thoughts.
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Open | High | Low | Value | Volume |
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3 | 26032 | 5.7¢ |
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Price($) | Vol. | No. |
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1 | 62303 | 0.056 |
1 | 200000 | 0.055 |
2 | 505452 | 0.052 |
1 | 92034 | 0.048 |
Price($) | Vol. | No. |
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0.060 | 85592 | 3 |
0.061 | 31409 | 2 |
0.062 | 127713 | 1 |
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