Applied Minerals Inc (AMNL)

[MasterSalix]

I do not know anything more than what is publicly available - either from the filings and/or the conference (annual) calls.

However, I do actually read all the filings, which most folks do not.

This financing (yesterday) is concerning because if they default they get to convert into shares to cover the default - which at these prices would be like 10-20M shares thrown on the market, most likely, to just settle the debt...that would absolutely crush the share price - even from here...

Also, I could personally get an unsecured loan for that amount at less than 10% interest...it makes you wonder why the company could not do better....

However, maybe they just need a small amount of cash to close something out in anticipation or something bigger, and do not have to worry about defaulting if that pans out...payments do not begin until Summer - so perhaps they are anticipating an "announcement-worthy" additional revenue source in the next three months?

In any event, I have made a ton on this stock buying in the sub-pennies in the past and selling multiples higher...and while the SS was better then, it still isn't half bad...and, theoretically, they should be further along then they were years ago on the battery tech etc....

So, I am hopeful for an announcement this year that takes us back over .10 - and, depending, maybe they can finally sustain gains...if not, then that will be the final run for me with this one...but I believe they have at least one "surprise" left here...

GLTA