Ann: AUZ secures $12 million investment from US fund, page-763

I posted this in another thread but it is probably better in this one. . .

I for one would have thrown some more money at AUZ in the form of a CR to avoid dilution. . .

And there would have been a lot less manipulation in the future done by us mere mortal retail holders . . . I can understand going to Burgen for ease if the conditions were favourable to AUZ and the fees were less but they are not!

For the pleasure of giving AUZ money - Bergen recieve 14.8 million collateral shares and a 3% fee, payable in shares, for the total amount loaned.

The 3% fee or $360000 could have paid argonaut in a placement and the 14.8 million “collateral shares” could of gone to us loyal long term shareholders as options. Management can make discretion as to who the placement would have gone to- LIKE people that have not sold shares in the last month for instance!

WTF! Doesn’t like dilution? Has SHs best interests at heart? We have just been diluted in the worst way - a rights issue would have been better for all involved (except Bergen)