AOI $9M Lundin Group Warrants: Very Bullish AOI The exercise of warrants by the Lorita Holdings, which is the private investment arm of the Lundin Group, major shareholder of AOI, and HUGE producer of shareholder value, average shareholder return is 32X, check their corporate presentation, yes they regularly turn $1 sp, shareholder value, into $32, that would be a 32 bagger for us.
Anyways, the exercise of $9M of warrants to AOI treasury is a huge vote of confidence in AOI future, value and shareholder creation.
Very bullish!