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12.5% 2.7¢ alicanto minerals limited

Disallowed - Barrick takes strategic stake and farms in $10M USD, page-364

  1. loki01
    11,126 Posts.
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    22/08/16
    18:18
    Post #: 18591291
    Maybe this is being built up for a capital raising at around 35 cents. They could issue 30m shares to raise $10m to fund exploration in their 100% owned properties and should last them for a couple of years given what they already have. Total number of issues shares would only rise to around 115m which is pretty low compared to other companies.

    loki
    AQI Price at posting: 41.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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