AEX
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0.00% 1.1¢ acclaim exploration nl

See the terms? $5mill US payment, $5millUS in shares at .5c per...

  1. makattack
    34,916 Posts.
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    24/02/10
    19:36
    Post #: 6372886
    See the terms? $5mill US payment, $5millUS in shares at .5c per share and a commitment to spend $5mill on exploration within 12 months. Massivley dilutionary and where is the company going to get $5mill from?

    And they're buying into a single drill hole from 1988?

    Not denigrating the potential of the drill but the share price doubling doesn't seem to have taken into account the dilutionary effect of this.
    AEX Price at posting: 12.0¢ Sentiment: LT Buy Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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