Ascot Resources Ltd T.AOT

$200 million financing

[lumpy13]

1.  It always bugs me how funders (in this case Ccori Apu S.A.C)  locked in the share price, drew out the process, let the stock go up and make substantial paper profits on day 1 of closing.
2.  How much more CapEx does AOT still need to fund the project?

[UGMineEngineer]

Sure, they locked in a price, but they paid a premium to the price prior to announcement, which is way better than doing a bought deal with the banks and locking in a discounted price.

[sclarda]

You could have loaded up on as many shares as you wanted at the price they recieved and even lower.  They also havent made anything yet as the deal has not closed yet and the AOT shareprice can fall just as fast as it rose as everyone here should know by now. I am sure AOT shopped around for financing and this is the best deal they could find as many banks, investors etc. are interested in

[UGMineEngineer]

The deal did close. Last week

[sclarda]

And so it did.  I did not notice that. To many stocks to watch.  The investors in the financing  also have to wait for a certain time to be able to sell the shares that they bought so it is uncertain how much money they will or not make if they want to sell their shares as soon as they can.  The reason that the shareprice went up from where it was is partly because of the