I agree. Our share price has stabilised by the shear weight of numbers. When one considers the latest options to be cheap at 10c we need to think current tense and not pre CRs.
10c now (2.4 billion shares) would have been 22c (1.1 billion shares). To achieve a 10c share price now would mean a MC of $240 million compared to a MC of $110 million (1.1 billion shares) two years ago.
Getting to and above 10c is going to take a considerable amount of growth in assets, resource, revenue and confidence.
AVB Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
