Nearly one month down and two months possibly to go for an announced finance deal. While AVB have allowed a generous amount of 3 months to get this important item finalised, I can't help believing that we will see an anouncement any day now.
I base this assumption on four reasons.
1. AVB will want the money ASAP to start procurement of mine designs, plant etc. The sooner the mine is built, the sooner AVB gets an income. 2. The 18c options that expire at the end of September. 3. AVB are already reviewing several options/offers so all it takes is a decision on their part. 4. Recent price rise and volume says that the market believes that a deal is not far off.
AVB Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held