Very good point. Inspired by your comment, I took another look at the deal from two different angles:
Board Perspective - the loan that offsets the risk of stage 2 placement not being approved demonstrates that the whole deal was structured with a long-term commitment in mind. The 12-month term indicates that the Board was looking for a pathway to keep the project moving, rather than just focusing on the placement itself.
Hebang Perspective - before the deal was struck, AEV had been sitting around a $10M market cap for a while. A loan that represents a 30% ratio of the market cap? Normally, you'd expect a big player like Hebang to insist on demanding security on the asset. Their willingness to offer it as an unsecured loan for 12 months is quite telling. This is a strong signal of their confidence in the value of the company, beyond just targeting the project asset.
- Forums
- ASX - By Stock
- Ann: Strategic Investment from Sichuan Hebang Biotechnology
Very good point. Inspired by your comment, I took another look...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEV (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $26.60M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $22.38K | 2.173M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 5255456 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 550045 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 5255456 | 0.010 |
5 | 2921629 | 0.009 |
5 | 1943182 | 0.008 |
4 | 6062000 | 0.007 |
8 | 6562916 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 550045 | 4 |
0.012 | 3919225 | 6 |
0.013 | 1700000 | 3 |
0.014 | 4235652 | 7 |
0.015 | 815000 | 2 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
AEV (ASX) Chart |