Australia's largest stock trading and investment forum Australia's #1 stock forum

AHQ

Click for more information

0.00%

1.3¢ allegiance coal limited

how much tenas and short creek worth?

First 189 Last

Share
Profile

Follow
Buylow123

249 Posts.

28

15/02/23

11:45

Post #: 66258832
Share

Originally posted by Protagonist: ↑

At the current market cap, a CR is more or less pointless.

Factoring in (a) the current SP, (b) the placement discount (prob 25%) and (c) broker fees etc. the company wouldn't be able to raise more than around $3M. And for that, the SP would be diluted to oblivion (hundreds of millions of new shares created).

AHQ urgently needs to dispose of some major assets (which is what I assume they're currently trying to do). Sell Tenas and Short Creek for whatever they can get ASAP. The price won't be great (due to the price ofr coal collapsing and the urgency of the sale), but the company has few remaining options.

Expand

how much tenas and short creek worth?

AHQ Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

3DP

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 257 more messages in this thread...

First 189 Last

Add AHQ (ASX) to my watchlist

SPONSORED BY