There is definetly not going to be a JV guys, unless it is ultra sugar coated. While this could have been expected, based on the hiring decisions over the last 6 months, i attended the recent AGM and some young kid in a suit asked that specific question to the MD when he was speaking around in circles re 'considering various funding options'. So, unfortunately, I have to say - I think we are in for the long haul here.
That said, given the recent on-market buying by the Directors they are either confident a favourable raise can be done or (b) averaging down so as to halve their buy-in price to o.o06 (you will recall they bought in at 0.008). I have to say, if I can by more at 0.03 I will be. In all, while JR was overpaid, he did create more value for AVI than anyone else thus far.
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