Expiry:
Target Price
$0.17
(-14.57%)
NOW:

$Alliance Mineral(40F)

How to sustain business if keep need money to sustain operations? Will there be a share placement or what?

Read more
4 likes
8 comments
Sporeshare

You open short selling already!

luanboo

BTW Alliance still has a $20m loan facility that has not been drawn down yet

NBORT

Reply to @luanboo : i would much rather they have a rights issue actually. the loan has an effective interest of more than 15%p.a. with no early repayment (13%+libor and a 1.5mil drawdown cost if I didn't remember wrongly). That aside, I don't think they need more money unless they plan to expand significantly this year

luanboo

I don't think it need to raise funds. It had already shipped $26m worth of spod, will be shipping another $31m worth of spod in the next 1-2 months. Also shipped another $5m of Ta and shipping another $5m of Ta soon.

tanmingwang

Reply to @luanboo : Ok. But I rather but those companies with growth and give dividends.

About Contact Privacy Terms Widgets Store

There are more for you ...

View more and participate in our discussion now. It's FREE.

Creating an account means you’re okay with InvestingNote's Terms and Conditions