AHQ 13.6% 12.5¢ allegiance coal limited

Ann: Allegiance Coal to expedite Telkwa Coal Project, page-27

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  1. 28,706 Posts.
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    you could have made 25% in one day

    we were waiting for the capital raising to buy (despite holding a small position)

    it was a classic capital raising sell off (to finance buying at a cheaper price) & bounce

    at the capital raising price, it was capped at $7M with $2.5M in cash = EV of $5M

    u were calling "sell" for a $5M company with a huge & established (already drilled & measured) coal coking coal resource

    Last edited by ddzx: 25/11/16
 
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