This is currently a trading stock ... so not many people, I suspect, will be interested in this post ... however ... fwiw...
At the moment ~268M shares on issue. After the issue of shares to buy the tenements it will be ~400M soi.
There are about 16M options existing and that will increase to about 65M if all resolutions pass.
The ability to issue more shares will be refreshed which means a minimum 100M shares will likely be issued in the coming 12 months.
No details are supplied concerning the parameters for the "employee share option plan [shareholders have to make a request to know the details ... that info should, at minimum, appear on the company website].
No details are supplied concerning the new constitution [again shareholders have to request that information ... that also should be provided on the website as a minimum].
For people trying to put a market cap figure on this stock it will be about $25M [on the current SP] after the EGM.
I, for one, think the investment argument for this company is draining away very quickly. Apart from the track record of management doing favorable placements to sophs [thereby excluding retail holders] I think it's a good bet that should the tenements prove commercial the No.1 shareholder [which will have 30% of the company] is very likely to be the main beneficiary of steeply discounted CR's... at least that is the risk I see ... why wouldn't they steadily increase their ownership if the thing turns out to be a money spinner [and what could retail holders do about it?] [fwiw... I think that will be the fate of AVZ over time .. the Chinese are set with a buy-in @ 7 cents... they can fund the drilling/capex etc by picking up the tab in exchange for shares at every step of the way ... over the years mom and pop holders will be diluted to meaninglessness]
- Forums
- ASX - By Stock
- Ann: Notice of General Meeting/Proxy Form
This is currently a trading stock ... so not many people, I...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $14.24M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $6.234K | 759.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1521809 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 579629 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6411 | 0.010 |
5 | 490250 | 0.009 |
14 | 3741809 | 0.008 |
16 | 4560594 | 0.007 |
12 | 6141745 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 6412 | 1 |
0.009 | 579629 | 2 |
0.010 | 1582131 | 3 |
0.011 | 1933333 | 4 |
0.012 | 2092559 | 9 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
CRR (ASX) Chart |