AMI 2.70% 19.0¢ aurelia metals limited

Mate I am genuinely sorry about your position and humble...

  1. 381 Posts.
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    Mate I am genuinely sorry about your position and humble apologies for my gloat.

    At the risk of sounding a bit absent minded due to the passage of time on this one, the way i recall it, once the brawl broke out, AMI management and Pacific Road did a real good job at marginalising Glecnores position and the end result has been minimal dilution to shareholders. I think i posted at the time that the settlement was too generous to Glencore but then i read the fine print and discovered that Glencores options only kick in if AMI fail to pay back one of the small loan facilities it has with Glencore (~10-15m) which i believe AMI will pay back.

    Overall i really think the company is very sound now
 
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