AGY 2.78% 3.5¢ argosy minerals limited

@asxDragonslayer "On a side note the max amount to be issued is...

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  1. 137 Posts.
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    @asxDragonslayer "On a side note the max amount to be issued is 51M which is more than the 34M placement but doesn't mention for what potential use.

    Thats roughly $2M.

    Maybe someone could ask today."

    If someone hasn't already provided the answer to your query @asxDragonslayer ...

    Ann states - "US$5 million strategic investment by Amperex Technology Limited."

    In AUD terms the investment amount from ATL is approx AU$7.5 million. (US$1=AU$1.51)
    ie. 51,614,581 shares @$0.14631 = AU$ 7,551,729.34
    Therefore, the 51,614,581 shares proposed to be issued for a placement today are all for the ATL investment.

    Atleast that's my take on the 51mil shares proposed for issue. Unfortunately there's no "roughly $2M" extra to be raised, but on a positive note AGY is receiving an extra $2.5mil on top of your perceived $5mil in AUD terms.wink.png
 
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