& why exactly would 'the current shareholders show their support' for such a pointless course of action - there is no way the Board have earned our support as is, without further dilution!
Since return from 18 months suspension & in a bull market the stock has gone absolutely nowhere, it is crazily undervalued & the reason has to be the Notes.
Jinchuan can get back their Notes loan cash from profits on the LOM, they have no need (that I know of) for the relatively tiny amount involved. OTOH the threat of dilution is killing the share, & the market is unlikely to value it properly until the Notes threat is removed. Why would Albidon wish to repay the loan at a value of only 6c/share when we are worth many multiples of this?
Forget the acquisitions until the SP is at the proper level & only THEN issue further Company paper if the right target is located, using our cash to pay interest & repay capital on the loans for now. To part-finance the loans from the Notes at 6c/share & use current cash to purchase assets is absolutely the WRONG way to go, the market would never go for it.
OTOH bin the Notes & you will see your 3-5 bagger a damn sight quicker than 12 months.
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4.3¢ |
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Mkt cap ! $2.806M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 29969 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.5¢ | 24875 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 29969 | 0.043 |
1 | 198541 | 0.042 |
3 | 138195 | 0.041 |
1 | 20000 | 0.040 |
1 | 200000 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 24875 | 1 |
0.046 | 25813 | 2 |
0.049 | 15000 | 1 |
0.055 | 48600 | 2 |
0.060 | 70000 | 1 |
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