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15.0¢ akora resources limited

Hi Factual, there was an announcement on 21st February about the...

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thecrabpest

2,401 Posts.

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15/04/24

17:59

Post #: 73354543
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Originally posted by fact.u.al: ↑

Multiple companies in the data room since February? News to me so I doubt well known.

As you say, company has cash on hand. So, there.is no immediate need for a capital raising. Wait for the decision on the strategic investor , ride the share price up and then issue the shares.

I'm happy that you continue to invest. But I've learnt never to try to catch a falling axe.
I'll happily welcome Graeme and the new investors that have been locked out because of being in possession of sensitive information as shareholders, but I am still of the belief that through the company's actions in relation to the timing of the raising (being before the announcement of the strategic partner), these shareholders are buying into AKO cheaply. Had they not bern in possession of the info, they would have had to pay more. The board should not allow this to happen as the alternative is obvious!

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Hi Factual, there was an announcement on 21st February about the data room being set up, and "multiple parties" (plural) being invited.

There have also been references to the data room in interviews and videos that have been released.

https://hotcopper.com.au/threads/ann-strategic-investor-process.7859321/

AKO Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.0¢		Change 0.000(0.00%)		Mkt cap ! $18.07M

Open	High	Low	Value	Volume
15.0¢	15.0¢	15.0¢	$68.24K	454.9K

Buyers (Bids)

No.	Vol.	Price($)
3	504000	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	8334	1

View Market Depth

No.	Vol.	Price($)
3	504000	0.145
1	7142	0.140
1	10000	0.130
1	416666	0.120
1	11639	0.086

Price($)	Vol.	No.
0.155	8334	1
0.160	82462	2
0.165	14000	1
0.175	18721	1
0.195	105714	2

Last trade - 15.46pm 13/06/2024 (20 minute delay)

AKO (ASX) Chart