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78.0¢ avz minerals limited

Ann: AVZ Launches Fully Underwritten Share Purchase Plan, page-190

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newbieinvestor

984 Posts.

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24/01/19

14:45

Post #: 37213170
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Originally posted by Johnny87: ↑

Out of curiosity, how commonplace is it for a capital raise to be structured this way?
From my limited Understanding, using a discount to a closing price sometime into the future is just going to cause the price to be pushed down hard, lowering the purchase plan price, meaning more buyers required to meet the capital requirements, thus more dilution.

Regardless of how AVZ has been traveling lately I'm extremely surprised they couldn't scrounge up a lazy 10mil elsewhere that's not so detrimental to the share price.

Does anyone keep in contact with Mr Langford?
How does the companies number one spokesman not have the contacts to sniff out a better deal?

One last thing...are they still using the ridiculous timeline of commissioning a plant in 2020? Please!

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First time to see the CR price calculated this way. Normally the CR price is already locked down on the date of CR ann.

AVZ Price at posting: 5.3¢ Sentiment: Sell Disclosure: Not Held
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