To elucidate :
that 20% funding at a sp of 20c conveys 700m shares or 20% of the company . By contrast the same funding at a so of 40c conveys 350m shares or 10% of the company .
so now you see why and probably who is trying to cap the sp . In my view the Ganfeng price moving deal was a concession hence why there does not appear to be a concerted effort to trash the price (which might bring retaliation from avz management in their OT decisions ) . But, again only my guess, there is no wish for sp to go any further but more OT will do this .... so here s part of the cat and mouse which I guess is going on.
any Europe , us or Middle East deals are part of avz making sure they have some bargaining power .
this is all just my guesswork .
what will be interesting is if FIRB have anything to say on a greater than 10% equity stake ??? Nothing that 2 9.99 stakes from different Chinese entities won’t fix . This would give Chinese about 40-45% ownership which I think would be enough for them to get behind it with all guns blazing . Just guessing . Who knows really apart from NF and team .
any other thoughts ..,?
AIMHO , DYOR
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