Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Mesh now owns 500M AAA shares i.e 48% of AAA . Majority of AAA value is Sentiance .
AAA is valued at £550M on suspension +150M Capital Raise @80p = Total MCap =£700M
Mesh valued at 48% of AAA MCap = 336M
ASLR says it owns 8.3%, 24M Mesh shares
Mesh total shares = 289M So value of 1Mesh share = 336/289 = £1.16 at current AAA value
ASLR currently good way into AAA before it lists on Nasdaq
DYOR etc etc
uR mAthS iS HorRibLe
I agree with you that ASLR is a good buy right now, but you’ve got the mesh part wrong. While the AAA offer was 500m AAA shares, there was a mesh announcement (go to the mesh web site) suggesting that it was 1:1 for mesh shareholders.
Given this, I think for now (referencing the AAA raise at 80p) it is sensible to value each of your mesh shares at 80p conservatively.
As I stated before, Chris Akers has a target of 125p for AAA this year alone, and I think it’s very fair to assume the £150m placing investors are looking for a handsome return!
I expect ASLR to rise as the penny drops, too…
According to an RNS in July, the AAA Sentiance aquisition is to be completed on or before Aug 10th. That will be a watershed event. Fingers crossed.
OK I have seen Mesh 1:1 AAA statement.
AAA have stated they are issuing Mesh with 500M AAA shares
Total No. Mesh shares = 289M means that there must be 211M warrants outstanding i.e 73% of company. WOW! Talk about lining pockets - PI getting short changed yet again!
We don’t know the full story yet. There could well be some lining of pockets as you suggest, but at the same time I’d be quite content if this turns out to be a multi bagger. Not personally going to jump to any conclusions until we have all the facts.
10 August has come and gone without comment. ???