Alliance Mineral Assets

More
26 Mar 2018 16:55 #24309 by Joes
Joes replied the topic: Alliance Mineral Assets
Have you ever heard of such a thing before? Company issues convertible bonds and announces intent to use part of the proceeds to buy shares of a listed company?

Today, Burwill just did that.

"The estimated net proceeds from the issue of the Convertible Bonds (after deduction of
expenses) will be approximately HK$99,372,000 and is intended to be applied for the
followings:
(i) approximately HK$30,000,000 for further acquisition of shares (if necessary) in
Alliance Mineral Assets Limited
, a company incorporated in Australia, which is
admitted to the official list of Singapore Exchange Securities Trading Limited;"


source: burwill.todayir.com/attachment/2018032612320200003085930_en.pdf

Please Log in to join the conversation.

More
29 Mar 2018 08:54 #24311 by Joes
Joes replied the topic: Alliance Mineral Assets
today company said it has raised A$13 million from insti investors such as Tribeca. So, to me, it's clear now that Burwill's HK$30 m warchest is going to be deployed in the open market.

It's easy to understand that. From Burwill's pt of view, this investment in AMA shares will generate an excellent ROI. I guess Burwill can see a 100%, 200% return in the not too distant future. Burwill should be thinking and laughing, this is amazing return compared to our previous trading business which had very sad margins!

Please Log in to join the conversation.

More
05 Apr 2018 20:48 #24318 by Amataw
Amataw replied the topic: Alliance Mineral Assets
Again, a trading halt! But this one delivered sweetest news. The love marriage of AMA and TAW. Everything about their union points to a significantly higher share price for both. Let the Surge start next week!!!!

Please Log in to join the conversation.

More
08 Apr 2018 22:30 #24322 by Amataw
Amataw replied the topic: Alliance Mineral Assets
So much great progress has happened with the Bald Hill project. and now a merger resulting in a $500m company is in the works.


What has not changed is the stoopid trading restrictions imposed on Alliance by SG brokers (except DBS). When will those brokers get it?

Please Log in to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings6.730-0.260
Alliance Mineral0.3650.005
AusGroup0.0500.001
Avi-Tech Electronics0.480-0.005
Best World Int.1.580-0.010
China Sunsine1.5100.050
DISA Limited0.010-
Dutech Holdings0.2700.020
Federal Int. (2000)0.3550.005
Food Empire0.660-0.005
Geo Energy0.230-
Golden Energy0.370-0.005
GSS Energy0.159-0.001
Heeton Holdings0.570-
ISOTeam0.365-
KSH Holdings0.665-0.010
Lian Beng Group0.625-0.010
Miyoshi0.071-
Nordic Group0.550-0.015
Oxley Holdings0.485-0.010
REX International0.0520.001
Riverstone1.080-0.010
Roxy-Pacific0.535-0.005
Serial System0.171-
Sing Holdings0.440-0.005
Sino Grandness0.197-
Straco Corp.0.810-
Sunningdale Tech1.720-0.010
Sunpower Group0.480-0.005
The Trendlines0.122-0.002
Tiong Seng0.390-0.005
Trek 2000 Int.0.230-0.010
Uni-Asia Group1.4300.020
XMH Holdings0.300-
Yangzijiang Shipbldg1.210-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1366 guests and no members online