AGC 1.92% 25.5¢ australian gold and copper ltd

Ann: Transformational $10.1M investment into AGC, page-39

  1. 4,328 Posts.
    lightbulb Created with Sketch. 6535
    Morning all.
    @rusty388
    Yes we take a dilution and share the new mc with more shares.
    What we have for that is,
    A cash injection with no cr costs at a higher price.
    Plenty of fire power to explore.

    We are now in an enviable position to drill those compelling targets with a cornerstone that paid more for the shares than the current sp.
    I have topped up and will add more given that I am buying at 2c or so less than injection price.

    $12m? $11.5m? that is still plenty for testing the thesis.
    I like the risk reward here.

    Kind regards, Wack.
 
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