Ann: Revised Payment Arrangements with DIAsource Vendors, page-66

First 66 Last

Share
Profile

Follow
travelbug2

6,609 Posts.

339

13/07/17

13:30

Post #: 25844844
Share

Originally posted by ds ↑

Certainly a much better scenario than I thought (or the trolls predicted).

1. The worst case scenario was that ADO is in default to the vendor which means we lose Dia and it gets firesaled and we get back the change and limp along. The vendors held the cards on this and would be privvy to whatever the financing options are and decided it is better to allow the negotiations to proceeed.

2. It is obviously very close to being complete as there is the prospect of payment still being made within a few weeks or why have that option as part of the revised arrangements.

3. Whatever it is it is complete/big - the requirement by October 2nd is not just the earn out and next CN payment - it's for the lot.

4. It also includes sufficient working capital for the future - ie we won't have to go through this uncertainty again.

5. It looks like Anteo technology will be trimmed or focussed only on near term prospects or high value targets

The comment on a European adviser has me thinking it is still slightly more likely that Dia is being sold and the extended timeframe makes me think there is more than 1 buyer so the price might not be firesale after all and there will be sufficient working capital for ADO classic to sharpen it's pencil with Cook, Ellume, Atomo and energy.

Less likely options are that they have a significant injection of capital from someone new (too hard to get that level of dilution approved in time for October) or that there is a rights issue CR (again too little time to get documentation done). A tiny option is that they miraculously flog a deal to say Cook or on batteries for $10m+

My money is on a Dia sale at a reasonable price that leaves us with a trimmed ADO classic and a whack of cash left over to rejuvenate what we all invested for in the first place.

I have not spoken to anyone and am not in the tent so this is just my read of the announcement and as Rameez say - just my opinion.

Where does it wash out if this turns out to be true? Eventually 3-5c with a small chance at 5-8c

Ds out.

Expand

As usual your comments make sense and all seem fair and reasonable. If they were doing a merger that would take time and if the sale of DIA was the other option I guess they could be running both scenarios along until they think the deal is as good as it gets.

I was seriously worried DIA would get sold for half priceish and we would have lost it AND not have much cash. I am certainly impressed that this did not play out. SP should bounce a few pips on this alone. But it wont be me pushing it up.

ADO Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

There are more pages in this discussion • 122 more messages in this thread...

First 66 Last

Add ADO (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change -0.001(4.35%)		Mkt cap ! $54.77M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.1¢	$2.746K	127.3K

Buyers (Bids)

No.	Vol.	Price($)
2	76017	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	373226	3

View Market Depth

No.	Vol.	Price($)
2	76017	0.022
12	2019127	0.021
11	1081001	0.020
7	1049486	0.019
6	2172779	0.018

Price($)	Vol.	No.
0.023	373226	3
0.024	716664	6
0.025	1050470	10
0.026	291415	3
0.027	250000	1

Last trade - 16.10pm 17/09/2024 (20 minute delay)

ADO (ASX) Chart

Ann: Revised Payment Arrangements with DIAsource Vendors, page-66

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Winsome scoping study proposes low-cost operation for Adina lithium project

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Revised Payment Arrangements with DIAsource Vendors, page-66

Top Stories

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Winsome scoping study proposes low-cost operation for Adina lithium project

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News