Good point CPG. Whatever the exchange ratio, it would look a lot better if the share price heads north a little.
The AXO share price should be helped by getting rid of all their debt at a discount - and $0 cash outlay - even with the dilution - many had priced in a lot worse I think.
This will be balanced by a lot of noteholders with a bucket full of scrip they don't really want. Perhaps some short term weakness followed by gradual recovery, and a rocket ship if mine funding is announced.
If you invested in AXOG for the income, then AXO is not what you want to be in.
If it is a scrip exchange, then it would be over the 15% cap, so an EGM is on the cards - would be interesting for the shareholders to ask a few questions of Mgmt.
- Forums
- ASX - By Stock
- AXO
- Ann: Trading Halt
Ann: Trading Halt , page-18
-
-
- There are more pages in this discussion • 2 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 AXO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online