AVZ 0.00% 78.0¢ avz minerals limited

Ann: Trading Halt, page-26

  1. 847 Posts.
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    Well to me this is a bit disappointing.

    Why would you raise capital at the start of a 20,000m drilling campaign unless you don’t think the share price is going to appreciate with good results. Even at a premium, it’s not going to be at 50-70c where we all believe the SP should be after first round of drilling.

    Seems to me management aren’t believers.

    I just hope it’s not at a discount otherwise this is gonna tank.
 
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