ALD 1.20% $28.76 ampol limited

share purchase plan - up 20% 2 days left

  1. 6,669 Posts.
    Allied Gold Limited (ALD) on the 10th announced that they are offering
    a $5,000 Share Purchase Plan at 22c to holders registered on the 21st
    of February.

    Record date: 21 Feb (but u must buy by WEDNESDAY 16th) .. T+3 rule applies
    Raising: $1 Million dollars
    Shares issuing: 4,545,454
    ISSUE PRICE: 22c

    Last on market price is 26.5c (up 20%)

    Last day to buy a holding for the Share Purchase Plan is Wednesday 16th of February.
    Either buy $500 worth of shares at current prices by Wed to participate in the SPP, or by couple thousand dollars worth and hope it does another QGC.
    Then sell (for a profit) but keep 1 share to be eleigible for the SPP.

    Always worth while securing a small holding to give one the option to participate...just incase the gold price goes crazy or they release further very positive drill results.

    Also, its undertaking a Placement to raise $9m to fund an aquisition of Joint venture interests, further exploration and working capital. The price of the placement is 22c (20% discount to market)

    Best regards
    INSIDER
 
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$28.76
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$28.80 1081 1
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