RE: Sunday Mail21 Jul 2019 17:09
A little birdie tells me that AIM-listed tiddler Alexander Mining is planning a share placing to raise up to £1 million. City sources say the mining and mineral processing firm’s stock could be placed at a substantial discount to its current share price of 0.4p.
It is thought Alexander Mining will secure £750,000 to £1 million from investors. As one of the smallest companies listed on AIM, with a market value of just £831,000, a £1 million cash injection would be a major boost for the company.
Oh well, guess I won’t be getting my money back anytime soon.