Altura Mining Ltd Released Corporate Update

  • Aug 09, 2018 AEST
  • Team Kalkine
Altura Mining Ltd Released Corporate Update

Corporate Update: Altura Mining Ltd.’s (ASX:AJM) stock rose 4.44% on August 09, 2018 (before market close) as the company provided the update regarding the potential control transaction, which was approached to AJM. As a result, AJM evaluated the approach to determine if the shareholder value would maximize through a potential control transaction or the company should continue to focus on the commissioning and development of the Pilgangoora Project under the existing ownership structure.

The company has now determined that as per the prevailing market sentiment towards listed lithium companies and the fact AJM is commissioning Pilgangoora and transitioning from a development to production company, any change of control transaction would not deliver an appropriate valuation outcome for the company’s shareholders. Therefore, AJM has determined to suspend any activity regarding any control transaction as it will allow the Directors and Management to focus on ramping the Pilgangoora Project up to full production over the coming months. Citigroup and Allion Partners are the corporate and legal advisors respectively regarding the approach.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK