1/3 of the company I would not personally call trivial.. And did we really need all that $US straight away.. Sure a little more cash would probably speed some things up but the SPAC had US92M. I would assume that is a 2-3 yr run-rate for AVR at their fastest progress.
But I agree a NASDAQ listing will give us all a nice up-lift. I guess if I needed my money out soon, the SPAC deal would have been good. If I am prepared to wait another 2 years, I should be rewarded for the wait.. My personal thoughts only..
In terms of cash, of course we will need more money.. But hypothetically raising money mid-year a $30 would reduce the dilution significantly from the SPAC proposal.
My opinions only. Not investment advice. Do your own Research!
Ann: Merger Proposal Update, page-27
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Last
$11.76 |
Change
-0.390(3.21%) |
Mkt cap ! $248.6M | |||
| Open | High | Low | Value | Volume |
| $12.15 | $12.27 | $11.27 | $382.7K | 32.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 420 | $11.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.85 | 2000 | 1 |
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| AVR (ASX) Chart |