AMG 0.00% 5.1¢ ashby mining limited

capital raising at 2.8c for $12m, page-3

  1. 296 Posts.
    The 2.85c price (per current share) is not such a great surprise. The 1 for 7 consolidation was not expected, but is probably sound long term corporate management.

    Pricing of executive options is a bit too low, given that AMG directors have not been very visble in promoting AMG as an investment, but I suppose you have to give them credit for securing the deal, and financing it.

    It really is a case of an unknown minnow making a BIG jump up the ladder.

    Thumbs up from me as solid achievement. Not expecting huge gains today/tommorow, but expecting good things longer term.

    R/happy
 
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