AVM advance metals limited

share issue pending, page-8

  1. 11,392 Posts.
    lightbulb Created with Sketch. 2646
    Last issue to institutions in Dec was at C$5.25 - so maybe upcoming issue to shareholders will be priced the same.
    That's about $A0.56.A 2 for 5 issue would get them around $A65mil at this price.I can't imagine anyone would lend them any money to build this facility.
    Still guessing here but expect details this week(next week at the latest) - I'd imagine this SXEW facility would take 12 to 18 months to build - so they'd probably have to treat the Kulumaziba concentrate in Zambia for the first 12 months.
 
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4.9¢
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0.002(4.26%)
Mkt cap ! $12.98M
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