Or they could call in a corner stone investor. Issue additional 50% of new share at 25c or more. Then they can gain control of the company by injection of the money to alinta. please remember BBIL share issue is close to $4.15 per share considering the close 400 millions dollars loan been wiped off from our books from that deal.
Alinta management knew that they can not sell the news share at current price to stock holders. So 18c to 30c is a more realistic issue price.
By either way, the stock price will rise due to improve economical outlook, growing energy market demand, better financial flow/footing, reduce debt, re-rate of the company, re entry back into index.
Just wondering what GPG is doing now with their alinta investment. Any ideas? Well we can wait for their annual reports and find out about it.
AEJ Price at posting:
5.2¢ Sentiment: None Disclosure: Held
