Just agreeing with Grumpycat that there has been dilution.
Us retail investors don't like it when a company sells new shares at a discount to raise capital. However it is what Exploration and Development companies do as they have no income .
Chalice have increased SOI by 53% in the last 3 years.
i have been disappointed with the time it has taken to drill the Coates project. (Coates - the reason I first invested in AVL). 20 months since AVL obtained a grant from the WA government. (ASX announcement 23 Rd April 21), but looking forward to results from holes 2, 3 and 4. and the IPO next year.
Ann: Section 708A Notice, page-9
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