Starline sums it up perfectly, I doubt there is a single shareholder who prefers the current deal over a properly structured bank loan.
However, anyone who has money tied up in AVB is most likely very happy that they are moving ahead and building a mine rather then continuing to stagnate and lose the momentum they had built. Another 6 months to a year without financing could have seen us back down in the 5c region or less.
Could management have done a better job? Who knows, unless you ever get to sit down with TP or another board member and have him explain you will never know. Might be a good incentive to head to the AGM.
AVB Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held