One of the responsibilities of directors is to make sure the co. is always in a sound position. A rights issue is neutral for share holders. If you don't understand why read some Finance 101 books. I say this not to be arrogant but I can't go through two chapters here. I tried to make this point earlier but you will understand that the same argument gets made with every share that has a rights issue. (I note share Presentations never attempt to make the point. Presumably their finance directors know major share holders understand).
Having more cash on hand at a time when raisings are obviously difficult and could get worse may well mean less conversion of Glencore convertible bonds at some point.
I have only taken thi s tone as holders of this excellently run company are the only ones likey to be of a mind to see clearly. Compare the share price of AMI over the past year with the average goldie and you'll see the relative out permformance is more thna 50% Maybe 70%.
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Last
21.0¢ |
Change
0.015(7.69%) |
Mkt cap ! $355.2M |
Open | High | Low | Value | Volume |
19.0¢ | 21.0¢ | 19.0¢ | $1.623M | 8.054M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2600 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 1078562 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2600 | 0.205 |
7 | 540000 | 0.200 |
6 | 316538 | 0.195 |
3 | 105090 | 0.190 |
8 | 260248 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 1078562 | 16 |
0.215 | 1030600 | 7 |
0.220 | 763951 | 13 |
0.225 | 329701 | 6 |
0.230 | 602274 | 9 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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