http://www.alderonironore.com/_resources/news/2012-01-12-NewsRelease.pdf
Liberty,
If you read more into it...alder on has brought on a specific shareholder with deep pockets....likely with an eye for The future. With in the agreement Liberty llc (is this your hold co.!)...has first option on any other financing and alder on has the right to purchase or to find a purchaser of any shares Liberty wants to sell. They have secured a Long term partner....not speculators. I agree $2.67 is low but it looks like the right color of money.
Dazel.
Ha! I wish I knew more about Liberty llc, actually. But if they are a quality partner with deep pockets (and I'm sure Alderon-Altius management would settle for nothing less), then I'm happy about it. The more people have a stake in getting Kami to production, the better.
Price is based on the average over a period of time, and it could have turned out much worse if ADV hadn't climbed back up.
Right now I'm more concerned about them maximizing the probability of getting Kami to commercial production than anything else. It would suck if they focused on minimizing dilution and missed a chance of going for production; winning a battle that costs you the war..