mjgol2What you are saying in effect is that AAM will raise at 36...

mjgol2

What you are saying in effect is that AAM will raise at 36 cents/share

1. $31.5m by the placement of 87.5m shares; and
2. $20.5m by a rights issue involving almost 57 million new shares.
3. (1) and (2) above will result in a 50% increase in the total number of issued shares (when you count the existing options).

What are their plans for this $52m? Have they now decided against having the hedge or have costs blown out? Will the SPP be underwritten?

loki