Yep, I can’t understand why they don’t start the vesting period now instead of November??
What would happen to these incentive offers if a TO happens before November? Would JNS and ML still get their shares?
Is it a bluff by the company to try draw out a TO offer by suggesting they still expect to be owning and operating the mine in 3 years time?
One thing is for sure, JNS were successful in pumping the SP just enough to get their allocation last time. I am sure they will do it again. My only disappointment is I was expecting the SP to get to 44c in well under a year. Waiting a whole year to get to 44c when not that long ago we were at 37c seems disappointing.
AVZ Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held