Post September quarter 539,366 AVRO got converted giving the company $4.3m cash.
The company did have $4.7m cash at the end of the September quarter.
The company raised $5m in later October.
All equates to $14m in cash.
Looking at their last quarterly $6-7m will be out of the door by the end of December quarter leaving the company cash balance as $7-8 million plus the upcoming conversion.
Looking at how AVR sp is inching towards $8 mark and mass exodus of AVRO (I would say exodus people may disagree), I doubt much will be exercised. I would expect one more good volume conversion next week and that’s it.
Let’s see how it unfolds.
Post September quarter 539,366 AVRO got converted giving the...
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Last
$11.80 |
Change
-0.200(1.67%) |
Mkt cap ! $249.4M | |||
| Open | High | Low | Value | Volume |
| $12.49 | $12.99 | $11.63 | $303.4K | 24.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $11.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.15 | 849 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| AVR (ASX) Chart |