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An announcement tonight or 2moro morning b4 opening trading.
I guess a shares placement of @.20c/share for a total of A$32millions to two entities.
I guess a shares placement of @.20c/share for a total of A$32millions to two entities.
Connacord always issued positive report, last yr was TP 45ct. This yr 38cts.
Rightly so bcos they earn the fund raising fee from AML. So their view is biased.
Rightly so bcos they earn the fund raising fee from AML. So their view is biased.
sydneyguy
9,863 Posts.
305
14/05/19
13:21
Post #: 38555590
Well turns out , my theory of needing more Capital and a drawdown of more debt was not totally debunked
Plenty of warnings an attempt to discuss.
Taking on more debt to get a reduced interest rate,,what a croc that was....clearly it needed the cash in order to not breach the first 20M secured loan for the second time.....
If they raise 53M to pay off their debts and some money for working capital , dilution will be horrific but their absurd salaries will be secure...?
Insane pay packets when management claimed gunna deliver huge margins, 12 Month pay back, 185%IRR, but has actually landed with 53M in debt, many more shares on issue than first thought and seemingly failed to recognise major offtake problems until straight after a merger which costs a lot ?
The only thing they have really achieved is reaching basically original nameplate production of 155KTPA on an annualised basis last QTR of the worlds best product bar none within in a simplified company structure and produced a loss in doing so...
CEO imo has failed to reach any original forecast (not even close, not even close on new mining plan), hasn't realised any profit at all after getting plant up to basically original nameplate production last QTR, dismissed any major danger with off taker.
But to be fair he has been successful in claiming records and raising capital many times post claiming he was fully funded, always some reason.
Arguably the best QTR of any hardrock producer according to Cannacord,,,,,,,BAHAHA,,,,and they need capital again this QTR...??.38 cent target,,,,,,nice one fellas
"Post taken from hotcopper... i agreed with the poster"
This is a great news
Very positive placement share with cash rich partner
hope tmr open 0.2
Very positive placement share with cash rich partner
hope tmr open 0.2
Atom99 ( Date: 14-May-2019 14:36) Posted:
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Street Talk
Galaxy Resources ready to tip into Alliance Minerals
Sarah Thompson and Anthony Macdonald
May 14, 2019 &mdash 2.57pm
Share
Cashed up listed lithium player Galaxy Resources is set to invest fresh funds into fellow listed miner Alliance Minerals Assets Ltd.
It is understood Galaxy is preparing to bankroll Alliance Minerals via a placement of new shares in a deal being finalised on Tuesday.
Alliance shares are in a trading halt ahead of a capital raising.
Galaxy, which has about $400 million cash on its balance sheet, is expected to emerge with a toehold 10 per cent to 15 per cent Alliance stake following the placement.
Galaxy has long been seen as a potential suitor of Alliance, and its predecessor company Tawana Resources. It is understood to already have a small investment in Alliance, however it has never disclosed a stake and is not above the 5 per cent substantial mark.
Investor sources said Canaccord Genuity was in line to handle the raising.
Galaxy Resources ready to tip into Alliance Minerals
Sarah Thompson and Anthony Macdonald
May 14, 2019 &mdash 2.57pm
Share
Cashed up listed lithium player Galaxy Resources is set to invest fresh funds into fellow listed miner Alliance Minerals Assets Ltd.
It is understood Galaxy is preparing to bankroll Alliance Minerals via a placement of new shares in a deal being finalised on Tuesday.
Alliance shares are in a trading halt ahead of a capital raising.
Galaxy, which has about $400 million cash on its balance sheet, is expected to emerge with a toehold 10 per cent to 15 per cent Alliance stake following the placement.
Galaxy has long been seen as a potential suitor of Alliance, and its predecessor company Tawana Resources. It is understood to already have a small investment in Alliance, however it has never disclosed a stake and is not above the 5 per cent substantial mark.
Investor sources said Canaccord Genuity was in line to handle the raising.
Haha.. Not Halt again,should be Huat again! See more on positive side
SGPatience ( Date: 14-May-2019 11:04) Posted:
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They did mention that in their announcement.
Heng1420 ( Date: 14-May-2019 10:34) Posted:
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halt again -_-
May be somethings to do with this capital raising? https://www.weare121.com/121mininginvestment-singapore/
This stock is done. Record revenue but still make losses. They made a good decision to fix the selling orice back then but the dumb management allow the buyer to break the contract to change to floating price when the lithium price drop. How silly is that. And the reason they give is they are allowed to find new buyer. How are you going to find new buyer with better price now? Now they quarter result out they give excuses that the lithium price has fall that's why they iccur losses. Now going to raise fund again. Dumb management. This stock is going become worthless. Wait and see
if cant raise how ?
Maybe raise funds? Cos so many expenses...
Grubber ( Date: 14-May-2019 07:48) Posted:
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why halt?
Lucky for u .. Huat !
Grubber ( Date: 11-May-2019 23:47) Posted:
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Market sentiment bad without support below 180 very likely
need to look at 16 for next entry.
SgYuan, Thanks.
SgYuan ( Date: 13-May-2019 10:56) Posted:
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4h mid bollinger 180
Day mid bollinger 173
Day mid bollinger 173
easywin ( Date: 13-May-2019 10:51) Posted:
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185 can not hold than next 177 I' m I right?
Now in wabc
w0 162 .. w4 185 w5 205 wabc
- wc tgt near w4 185
w0 162 .. w4 185 w5 205 wabc
- wc tgt near w4 185
Battle123 ( Date: 11-May-2019 23:20) Posted:
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