Thanks ags What I meant to say if there was a bid tomorrow could they still exercise the warrants and make a big profit.Topped up @6.62 looks a good price all things considered,
To be honest sold last week at 33.50 for a 15% profit missed out on the bigger rise.Investing in copper mining seems a good idea and got in cheap with ARCM at a good priceBid situation and massive assets AAL in big discussions at the moment.
Last post on the subject they havnt signed off the $320M loan is my understanding that is one heck of amount which has to paid back anyway.Anyone considering buying is advised to check the rns.I don't think you will find another ARCM in a hurry this is a star share imo
I ve looked at both of these and frankly I don't like either of them HZM are requiring a massive loan and have just issued another large placing.As regards ECR I get the impression that they want to go it alone as the discussions have been going on too long now aimo
Seens to be a lot on uncertaintly here as apposed to ARCM which are in a comfort zone waiting for the bid being discussed or if not can go it alone with no dilution