Alliance Mineral Assets Limited ("AMAL" or the "Company") is placing out 67.669m shares at $0.23 each. 43.479m will be new shares with the balance being vendor shares. The offer will close on 23 July 12pm and list on 25 July 2014. The Company will have a market cap of $90.6m post IPO.
The Company is a mining company headquartered in Perth, Western Australia and is primarily developing and exploiting the Tantalite Mineral Resources in Australia. After going through the prospectus and the so-called Expert report, i am none the wiser with regards to how to value this Company.
Tantalum
The Company is mining what is commonly know as "red earth". There are many uses for Tantalum and you may find this article interesting that it is one of the most important element you have never heard of, with South America and Australia accounting for 2/3 of ...
