Many of us, Kalenn, are simply wondering where the money is coming from to continue through and beyond next year. A stable and rising SP is critical to ensure dilution is minimised if a CR is contemplated. A falling SP scares off not only investors but also makes future CR plans fragile at best.
Seems to me that management has been distracted from it's original core mission which was to build a mine (ie using Antas North (DSO?)) and get into production ASAP.. In a bear market / recession, cash is king and we aren't making any...
Yes, 'resources' in the ground are all very well and grounds for encouragement, however, unless we have appropriate funding and a detailed plan for their exploitation then they will, likely as not, be developed by another company as, with a fully diluted share base (1.3bn?) and nominal share price of 10c, we aren't likely to raise that funding from the markets (certainly not on the ASX anyway)
Enjoy the rest of your holiday.. When does the Head Cheerleader return?
BT
AVB Price at posting:
8.8¢ Sentiment: LT Sell Disclosure: Held
