RE: Thank you George18 Jun 2019 21:44
Rosewall, Probably not a good idea to take on board posters different opinions from another BB.
Alba have stated in the RNS, it's less than 0.1%
Alba has decided not to contribute to the most recent cash call issued by the Operator, HHDL, for £261,000, as Alba has decided to deploy its cash reserves to the mining projects which Alba operates and controls.
Any dilutive effect on Alba's 18.1% shareholding in HHDL will be negligible.
The effect on Alba's shareholding in HHDL of the Company's decision not to contribute its share of that cash call will fall to be dealt with in accordance with the dilution provisions in the current HHDL investment agreement. In accordance with those provisions, and subject to the HHDL Board determining to apply those provisions, any dilution of Alba's shareholding will be negligible (less than 0.1%).