The payment for ALO was 69M shares regardless of share price so if paying in shares it makes no difference when they settle IMO.
Better outcome would have been to pay cash when the deal was announced and then capital raise at current prices to cover it. Easy to say in hindsight though.
Instinctively I feel it's due a breather too, but also think we're in uncharted territory with the renewable energy revolution.
In my opinion rare earths and uranium which you have mentioned before as being bubbles, and have compared to lithium, have never been close to a true paradigm shift in the way we use energy.
When I first bought at sub 5c and watched it go up to 35c, I thought $2 would be nice but impossible. Now we're there I feel like we're only just getting started.
What market cap / share price do you think it will pull back to?
Tuesday 17/08/2021 - New shares being issued, page-22
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$3.00 |
Change
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Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
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