Its a decent sized discount with free oppies attached (with a strike price of what it was trading at when it went into TH).
I also think AVZ will do well and SP will be higher once they have a JORC etc but they had cash in the bank already and could have waited until they had a better deal.
Its a crap raise. Only uneducated, blind sheep will say otherwise.
AVZ Price at posting:
26.5¢ Sentiment: Hold Disclosure: Not Held