Fantastic news in my opinion.
No dilution.
RTO agenda with a war chest of perhaps 3 million. Should of happened years ago.
NOW we should see some action. Will Redmond stay ? I doubt it.
I wonder if our subsidiary had anything to do with it.Strange, Dutch company announces plans for largest off shore wind farm in the world and Pires share price rises double digit percent on low volume.
That's it.
So 10% of available cash has been invested so far for a return of 20 thousand.
Therefore 100 % invested on similar terms could net 200 thousand.Almost covering costs perhaps.
And then there will be capital growth of course.
Not bad hey.
The results to the end of June 2015 stated that they had 441 thousand left plus the 2 mill raised in July.
Cash burn is running at approximately 140 thousand every six months. Therefore after the investment today Armstrong have roughly 2 mill available to invest.