As far as I know, current company main critical issue is passing some resolutions at AGM.
Most impotently, if my understanding is correct, if agendas pass both of (a) 1-for-4 share consolidation and (b) 30m new shares issue to so-called Eligible investors such as only incoming and outgoing chairs and directors at the meeting, it is almost likely those in and out chairs will hold more than 51% of company shares by only investing around $1.5m or so founded over bloodbath of current existing shareholders sacrifice (1-for-4 consolidation in addition to 1-for-10 consolidation). Please also note that, if passed, all so called Eligible investors can subscribe shares at almost 50% discounted price than current market price. What it means is that, both chairs can hold possible market cap of between $1billion and potential up to $6 billion plus market cap, if FR drillings are successful that I am very optimistic.
Personally, in relation to above article, regardless genuine intention or not, I think it intends to disperse current immediate topics and seems decorated lure to pass above agendas at the AGM. In reality, company has only money 3 or 5 deep drilling at some north of Plato. I want to be realistic and see phenomena as it is.
Regards,
- Forums
- ASX - By Stock
- AON looking into coal?
As far as I know, current company main critical issue is passing...
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AON (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.10M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $14.97K | 1.069M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 141789 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1094938 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 98018 | 0.120 |
2 | 70616 | 0.115 |
1 | 3000 | 0.110 |
2 | 25000 | 0.100 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 40000 | 1 |
0.140 | 80869 | 1 |
0.160 | 75000 | 1 |
0.165 | 40000 | 1 |
0.000 | 0 | 0 |
Last trade - 11.20am 22/11/2024 (20 minute delay) ? |
AON (ASX) Chart |