Australia's largest stock trading and investment forum Australia's #1 stock forum

ANS

Click for more information

0.00%

1.7¢ austsino resources group limited

Ann: Capital Raising Update, page-21

First 21 Last

Share
Profile

Follow
Praetor

94 Posts.

33

18/02/19

13:30

Post #: 37471091
Share

Originally posted by serena: ↑

Dear Gracesteel11,

You stated in your previous post that investors are lining up for the ANS shares at 0.020. Is your statement credible or is it your own dream?

By knowing all the facts based on the ANS announcement on 15 Feb 2019, you may need to ask a very basic question why did not the ANS board cancel this investor's ANS shares subscription of $3 million (at 0.013 discounted price) when he failed to pay within 14 days based on the agreement signed between this investor and ANS on 2 August 2018 and per the ASX Listing Rule 3 Continuous disclosure, and since this is a material transaction, should the company announce it immediately to shareholders via ASX. Instead why did the company keep chasing this investor for almost 6 months in order to get this $3 million payment and even extended the payment due date to 15 March 2019, with the fact that the acquisition deal between ANS/WAPRC, SDL and noteholders was signed and published via ASX in September 2018 and subsequently extended to 31 March 2019.

Can you please answer those questions?

Expand

I'd say investors are lining up for more than 20c...but you didn't ask me. I certainly am. 20c or BUST

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 19 more messages in this thread...

First 21 Last

Add ANS (ASX) to my watchlist