re: Ann: Raising up to $US17.5m to fast track...
The big boys always get sweet deals. They are getting a great dividend rate relative to current interest rates, and effectively an option on a 15c share price.
On the other hand, AOK has no debt and a cornerstone investor. This does no stop a RBL facility in the future I assume.
Details aside, the funding should allow AOK to accelerate operations much faster. The pie is bigger for all, but Ptolemy got the best slice.
Thy now have $10M burning a hole in their pocket. Wonder what they will do with it?
AOK Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
