Q: What do you think about the deal API made with Ultra at .50 and with API now trading around .24
https://appiareu.com/appia-announces-closing-of-transaction-with-ultra-rare-earth-inc-including-2780000-cad-financing/
https://appiareu.com/appia-announces-closing-of-transaction-with-ultra-rare-earth-inc-including-2780000-cad-financing/
5i Research Answer:
It looks like a good deal for a small company. Ultra is providing $6M in total in exchange for an interest in Appia Brasil. Note that the 50c price is for a unit that includes a full warrant (at 70c exercise price) and the warrant does have some value. Still, it is a strong sign of endorsement and will help advance the PCH Project. There is still lots of work and time and money needed here, however, and it should still be considered a speculative stock, certainly.