Tom
the dilution you speak of is the issuing of shares to the lender at 4c...effectively putting a 4c foundation on the share price.
Today AMA looks like its up 100% at 4c as it traded below 4c before going into an 8month suspension so we've seen today some people be happy with 100% profit.
Let em out I say....wont be long imo before the lender themselves our on 100%, 200% more profit buit I cant see them dumping then either as AMA's business is profitable...they just couldn't meet the $10 million payment on time and now we have a solution......12 years to pay a non-interest loan...pretty damn good.
I personally think AMA will have a sprint recovery once people sift through the announcement and see AMA's problem was one of time only and being the global credit crunch...refinancing was difficult for everyone.
That being sorted now and having a profitable business I can see a lot of value in AMA compared to its 4c price tag today.
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $286.9M |
Open | High | Low | Value | Volume |
6.0¢ | 6.1¢ | 5.8¢ | $126.4K | 2.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 729133 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 359639 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 59761 | 1.050 |
3 | 2596 | 1.045 |
3 | 3726 | 1.040 |
2 | 2898 | 1.035 |
1 | 50000 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.055 | 77023 | 3 |
1.060 | 53603 | 4 |
1.065 | 51503 | 3 |
1.070 | 2503 | 1 |
1.080 | 1158 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
AMA (ASX) Chart |