AJM 1.32% 7.7¢ altura mining limited

Hello hoots and thank you ..... as I understand, AJM did the...

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    Hello hoots and thank you ..... as I understand, AJM did the credit raise half a cent under the price the most significant investor (and an offtake partner) came on board (ie Optimum Nano was issued shares at 13.5c).
    But Optimum Nano seems to be in a world of pain and has been reducing it’s holding and an earlier offtake partner that had 37 million shares at 8.1 c which may be in alliance with Optimum Nano has been selling out.

    Maybe the directors didn’t think the price would go under cap raise price of 13c seeing as that would not be logical and would value the company too low ?
    Last edited by sabine: 27/05/19
 
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