Teck increases shareholding to 30.35% of AQMAre there any investors interested in AQM?
I just bought some and would appreciate having a conversation.
My reading is that this is positive for the company and its management.
AQM has a 30% direct interest in the joint venture involving Mitubishi and Teck.
I have yet to fully understand the plan for funding going forward but can only assume that AQM will have tocome up with 30% of the funds if they are to continue to have the 30% through to production.
Teck's increase in their position in AQM also gives them the right to participate in any stock offerings going forward. With a <15 million market cap and 30% of a project having a NPV of 980 million it would seem to me to have a major upside potential.