Quite right, shareholders are now caught in the gauntlet that the raise will enable AVR to get to a point of commercialisation. Dilution was inevitable unless they sold out which many jaded Australian LT RIs would have probably wanted,I suspect.
As it stands if a pathway to commercialisation that is funded can be established, we have a higher likelihood of a significant buyout number $ wise/ partnership for distribution or as a long shot going alone.
I set my bet a good while back on this and will leave in bottom draw.
Good luck to all. Not advice
Ann: Half Yearly Report and Accounts, page-33
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Last
$10.11 |
Change
-0.290(2.79%) |
Mkt cap ! $217.9M | |||
| Open | High | Low | Value | Volume |
| $10.57 | $10.59 | $9.90 | $137.7K | 13.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 133 | $10.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1077 | 2 |
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| Last trade - 14.06pm 07/11/2024 (20 minute delay) ? |
| AVR (ASX) Chart |