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Hi Uni, I just think it's misleading to portray it as a bonus...

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17,837 Posts.

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27/11/18

19:51

Post #: 36659853
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Originally posted by unicrumba ↑

Hi NL,

You know I'm being the optimistic type...2mil shares b4 the 03.12.18 and then on the 17th, suddenly there will be 2.2ml shares...and I don't expect sp will drop by much, but it will continue it's re-rate to fair value...I and many other investors thought 0.40c to be a very good entry point last year... but with the help of a few little roadblocks since then, here we are at 0.25-.28c for a very long period...but I bet that A40, after the 17.12.18, will be in a much better position and with many milestones achieved compared to where TAW was last Nov and 0.40c was a very strong support level back then.

We will be very well funded ($40Mil) and can you imagine if another ship leaves in December?

So yes, I think it's a very good buying opportunity for everything one can snatch up below 0.40c...how long that will take is now purely in the hands of Instos and Large Private Investors, will they wait until after the 17.12.18 or start buying now?

In regards to me offloading, very unlikely...it took me a very long time to get as many as I hold now and I wasn't going to get anymore but I know the last few days as the time to average down.

My target is dividend collection for a year or two and by then I predict MC will accept the golden handshake and all current holders (if still holding by then) will walk away very satisfied.

I am young enough that that is a viable strategy for myself...my plan is made very easy thanks to my belief that in the next 2-3 years A40 will be in full production and coincide with EV & Storage uptake explosion and it's associated demand on Battery Minerals such as battery quality Li and a very good price will be offered to MC, just not sure how COW will be played from here.

I hope we will not be taken out before that.

All IMO

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Hi Uni, I just think it's misleading to portray it as a bonus and some who don't understand may act on that type of post.

One A40 share will be the same as one 40f share on the SGX in respect of ownership entitlement in AMAL. So in theory one A40 share will be worth the AUD equivalent of whatever one 40f share is worth on the SGX. There obviously may be small differences from time to time but in theory arbitrage should keep them reasonably close to the same value. If they get too far out of synch the big boys will likely just sell in one market and buy in the other to make an arbitrage profit.

Currently 40f is sitting at .27 SGD I believe.

All just in my humble opinion though

TAW Price at posting: 30.0¢ Sentiment: None Disclosure: Held
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