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Bought some this morning sub 2.3p having watched the company for years and remember being ‘peeved’ with myself multiple times when I didn’t buy a rare dip sub 23p (would be 10x now). Aware of the problems here and feel lucky to not be a heavily underwater holder (yet). The issues don’t seem insurmountable essentially being presented as a delay and shortish term production reduction with teething issues and some money needed to sort. Finance is a big unknown but just because the non-suspended aim has sunk so far I don’t think that necessarily means too much towards indicating the level of the needed further financing? Relative to total money spent to date, expect the level of further funding likely fairly minor and if the delayed processing timing sorts the chemistry as expected and leads to sufficiently stabilised grade and the (more worrying in my mind (layman)) floatation can be sorted (this info was very vague (hence my concern)) confidence could rapidly return. The sector and project broadly on paper is great and why Ive shown interest for several years but Ive been bitten and still slightly underwater with struggling ops needing finance before (rmm - funding level shocked me to downside) so relatively small amount for me for now.
AIMO ATB
2
Second Price Monitoring Extn
look like very busy
News comming ?
last placing was at 1.9p
The company conducted six separate equity capital raisings in the year to June, with the latest being a A$27mln placement at $0.35 per share.
It was 19p not 1.9p
NT ONLY
I've topped up on this bad boy. They've got insane amounts of cash reserves. When this suspension ends this is going to fly. I wouldn't be surprised at 12p by Christmas.
Me too. Even modest rises here will outweigh the downside risk
Back on NT
12p by Xmas sounds good, many seem very negative towards the company on here today, presuming that they are sitting on a much higher price than the currant price, seems like there could b a huge turnaround here potentially but obviously on the other side of the coin it could go the other way also!
There have been a lot of naysayers today, but, you are right, anyone who's been burned here will be warning others. I guess that's the benefit of these BBs. It's all about risk & reward; I took a position today with money I could afford to lose (but I'd rather not!) on the basis of there being considerable upside. It seems from the trades today that someone is loading up, which gives a little more comfort to that decision.
Indeed Rajbury, this does seem like a candidate for a rise to the 30-50p + range very quickly if financing is confirmed or if not confirmed then possibly bust! so like you say high risk here but potentially very high rewards over a short space of time. GL all.
seems like there has likely been some sort of leak with regards to positive financing, presumably confirmation will come Sunday night UK time just before AUS market opens?
To coincide with trading recommencing on the ASX exchange Sunday/Monday 1am UK time?
jonesrichard
That’s why. It worth. Holding some share here. What you can afford to lose. When the news comes No. Chance buying at this price.
Indeed mannan, lets hope that financing confirmation isn't too far away as would like to think that all holders here can come out with at least a little profit this year!