George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Correct towzer, it got discussed here the other day. The shares were previously held in escrow, indeed shame about drop in price recently.
Thanks Espen,
I note as of today Armour (AJQ-ASX) shares are only worth $357,647 at todays close of 0.021 cents (down from 6 cents this time last year due to poor fraccing results! )
The view is this year towzer, as it was specified with quarterly report as being planned in the upcoming (current) q. Same goes for Armour share sales, where it was funnily enough mentioned “December” quarter. So assume in coming weeks before turkey will be in the table for most.
Hopefully the GOI approval comes before the raising so less shares required to be sold. Assuming of course the share price is much higher after the news!
Any ideas on when the raising is scheduled?
Alan, I guess that’ll depend on the price at time of placing, including discount applied. Cap is 25% without approval but in quarterly report they specified a fixed $amt.
So after raising, outstanding shares with be around 6.3B ??
They dont need to be able to attend to vote, but I am sure you are right about being confident the resolutions would pass.
Will we ever get goi ?
As a guess they were unable to attend but given confidence that all resolutions would pass…?
Yes, it did make me wonder, especially as they seem to have voted last year.
Does make you wonder…
Looking at votes cast and abstentions it is obvious that Oilex's biggest shareholder, Republic, do not bother to vote. Surprising. Gka.
Agm results on asx. Unsurprisingly all resolutions passed including capacity to raise with 10% more shares. Exciting. Not. Gla.