Regarding share consolidation,
In my case, after previous company announcement for 1-for-10, soon I exit to prevent further SP down and no visible money loss then. And this time another 1-for-4 share consolidation.........
Today I tracked down why this sort of shareholders blood bathing is happening again and again..
It may be different reasons, but the following my post possibly give us clue/hint, imo.
........................................................................................................................................
1. our company ENT has 30% free carried interest at FR tenements.
2. ENT holds about 2.8% (2 mil shares after 1-for-10 consolidation) of AON
(according to Sep 2015 Annual Report)
3. AON current total issued about 78.1m shares
4. AON announced 1-for-4 share consolidation again after some time ago 1-for-10
(shareholders approval required)
5. After consolidation it will be roughly 19.525m shares (ignoring any options)
6. AON plan to issue 30,000,000 (30m) at 5 cents
7. AON chairman will buy $200,000 worth of new shares 4,000,000 (at 5 cents)
8. Even AON did not reveal how many shares go to Ian Middlemas' private company
I assume between $1m to $ 1.3m worth of shares, so between 20,000,000 and 26,000,000, say 23m shares
9. Then total issued shares could be roughly around 50,000,000 (5m) shares
10. As a result of that Ian Middlemas to be a top share holder about holding 23m/50m (46%)
11. Investing only around 1.3m or so, he can be 1 top shareholder of AON
12. It seems almost likely current chairman to be 2nd or 3rd major holder
13. ENT's FR value could be after successful drilling at Plato (Plato north first) about $ 1 billion in light of SIR
14. AON said it identified 6 to 10 target areas, so we can add roughly $ 6b to $ 10 billion market cap
15. Therefore, if everything goes right direction, ENT's original FR's valuation could be $ 7b to $10 billion
16. AON's 70% holding value could fetch roughly $4.9b to $7 billion, or conservatively just $1billion
17. Potential major holder (about 46%) Ian Middlemas and another to be major holder AON chair are going to
absolute control and almost own potential market cap of $1 billion (possible to $7 billion) AON by investing
altogether only about more or less $1.5m.
....................................................................................................................................
My conclusion is that, above shareholders bloody sacrifice from previous 1-for-10 consolidation
and this time another 1-for-4 one seems aimed to reach above destination.
Absolutely unacceptable, must be punishable human beings exceed greed.
Deserve to be pig's lives forever what right time comes.
Regards,
- Forums
- ASX - By Stock
- Re Identified target conductor at Plato north
Regarding share consolidation, In my case, after previous...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AON (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
-0.004(22.2%) |
Mkt cap ! $18.10M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.4¢ | $83.09K | 5.358M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 337195 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1107938 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 - 16.10pm 21/11/2024 (20 minute delay) ? |
Featured News
AON (ASX) Chart |