AEE 3.13% 15.5¢ aura energy limited

Buyers better be quick, page-9

  1. 4,312 Posts.
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    Hi David123, we are all gaining a benefit through holding Aura shares. No, not a direct allocation but exposure through Aura's 70-80% share holding. The IPO is like raising capital for the project from new investors. While it will cause some dilution to Aura holder's percentage of the asset, it will make the project a going concern with funds to complete exploration and development work. It will set a fair value for 100% of the project without the distraction or carry cost of other projects. Much better to realize a fair value than having the project moth balled through lack of funds to advance it. As they say, better to have 70-80% of something, than 100% of nothing.
 
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