Hi Davo,
I'm much happier having 200,000,000 m shares in the hands of a fund, rather than sophisticated investors who will most likely sell them straight away.
That's why I'm happy, as it would take months to soak them up otherwise.
Oppies, well that's the way the world is at the moment, but i agree, not sure if we really had to incentivise new stakeholders with these, especially with the amount of news to come, i do think offering oppies gives incentivise to sell the heads and keep the bonus exposure of the free oppie.
Lion, $2m is a fair commitment..it's 3% of their fund, but yes would have been stoked if they took them all, but that would not suit their capital allocation no doubt.
Hopefully in 2 years 2c oppies (about $5m worth) wont even be a blink in scheme of things, that's the way i see it, otherwise i would not be tapping on this keyboard or even interested in AZY.
Cheers .....will be still buying next week, if those that got allocated do sell.
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