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2.5¢ axiom mining limited

Ann: Trading Halt-AVQ.AX, page-26

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user23

3,914 Posts.

28/07/16

13:47

Post #: 18388722
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Originally posted by Redpapa ↑

Why have all the naysayers appeared all of a sudden? If AVQ were given the rights to mine Isabel, it would still need a capital injection - plain and simple. Let's play out the worse case scenario. A CR to raise $10M at 30c. That's an additional 33M shares on issue. But, the company will be mining one of the largest laterite nickel deposits in the world. Its no longer worth $100m. It will now be worth say $200M (day 1). For an additional 33m shares, SP will be $0.57 (rather than $0.62 without dilution). Perspective goes a long way people. Focus on why the money is raised

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S/he said pps of $1 in 1 or a few months so it places the market capital valuation of at least 300M AUD doesn't it? and I questioned it that is all.

Last edited by user23: 28/07/16

AVQ Price at posting: 32.0¢ Sentiment: None Disclosure: Not Held
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