Looks as if the Loan Note holders who recently converted could be selling stock. Once they finish we could see a rise back to 10p plus as the asset and earning potential is there with more to come when they open up the Gold Mine. IMO a good buy at sub 10p
For whatever reason Cradle Arc the old Alecto appears to have started off badly as far as the sp is concerned. However I still feel that the asset value together with the copper mine earning potential deserve a better mc than £21m so I will top up tomorrow.
Problem could be though the offer will be restricted in numbers offered so it could be 1 for 5 or something similar and you would not be able to double up. I do feel if existing holders want to top up they should realize that Alecto were suspended at effectively 21p and at that time the company had little in the way of assets and real earning potential. That has now changed as we have substantial assets and great earning potential so to my mind now is about the right time to fill up.
Trading and up and running on ii. Seems to me if the sp is about half of what it ought to be given that Align have a diluted target of nearly 30p. Also the assets and earnings should justify a much higher value. Anything below 20p must be a buy IMO and I'm happy to top up. GL to all
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