Who knows what sort of games are played with offset accounts Hippy. One thing for sure though is it is about averages. There is no doubt on the ability of management regarding construction and execution. Is there doubt on who manufacturers the bullets they fire off, well, next round of funding should highlight that. 1:10 leaves us lean on liquidity, but that is in my opinion. A hedge book to Glencore (blackrock) as they are in a pickle (forward book and 10m for startup pb) and a loan with a consolidation (3:1/5:1)would be nice. Paying down debt is stronger than an spp. We have been diluted enough to define the current resources. Not sure on ozl Hippy, will have a sticky.
AVB Price at posting:
6.1¢ Sentiment: None Disclosure: Held
