Alliance Mineral Assets

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26 Mar 2018 16:55 #24309 by Joes
Replied by Joes on 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

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29 Mar 2018 08:54 #24311 by Joes
Replied by Joes on 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!

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05 Apr 2018 20:48 #24318 by Amataw
Replied by Amataw on 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!!!!

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08 Apr 2018 22:30 #24322 by Amataw
Replied by Amataw on 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?

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10 May 2018 19:47 - 10 May 2018 19:47 #24359 by Amataw
Replied by Amataw on topic Alliance Mineral Assets
Kudos to Phillip Securities and OCBC for lifting trading restrictions on AMA!
How come UOB, CIMB and Maybank still think this stock is too speculative?
Last edit: 10 May 2018 19:47 by Amataw.

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23 May 2018 13:39 #24370 by pine
Replied by pine on topic Alliance Mineral Assets
Not too suprised to see that Living Waters, the founders of Alliance Mineral, has sold a chunk of shares at 35 cents. Time to move on to a new game ....instead of hanging around after a not-so-nice exit engineered by rivals.

infopub.sgx.com/Apps?A=COW_CorpAnnouncem...881#.NextInsight.net


The big question is who is the buyer? Market talk is, it's a top fund in HK. That makes it a positive entry and lifts the image of AMA.

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