In just under 2 months, AVB should have around $35 million of cash in the bank, a FML, signed deals for another $70 million, Issued for Construction drawings and all the lead plant items on order for the commencement of building Stage 1.
I believe that the recent CR has elimated most of the remaining doubt in the minds of potential investors. Having ample cash on hand negates any unforeseen delays in obtaining the remaining finance.
Yes, we have seen a 50% increase in our number of shares since 16/10/13. However, the positive outcome from this apart from a strong cash position is the fact that the Top 20 holding has increased from a low 32% to a very respectable 55% while the available shares has stayed the same at 750 million.
The market will see the increase in major shareholders and available cash as a significant derisk.
Hence I see confidence growing daily.
AVB Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
