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78.0¢ avz minerals limited

Ann: Placement, page-62

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tomthrasher

168 Posts.

138

02/07/21

11:24

Post #: 54234350
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Originally posted by jsbuser: ↑

I am renaming you to Greyskies. Eyore had a brighter disposition. We get you bought too high. Many of is also did but we did the work to get our averages down or took the loss and moved elsewhere without constantly moaning.

Yes, someone else will make easy money on this raise. So what? If you'd bought off the bottom you'd have made more money than they did.

As to discounted credit raising. Pretty normal discount numbers for a cap raise all up. We have $40M more, take another 15% and can get on with it.

I'd personally prefer not to have an SPP, they take forever and get in the way when you are expecting good news because they anchor the discount to the SP for longer. Given where the technicals were this week a quick raise is a good raise.

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Good points jsbuser...greyskies, here's Pilbara Minerals Sept 2019 capital raise: PLS is at $1.475 today!

AVZ just added 60mt to their MR and several sophisticated institutional fellow shareholders

Remember AVZ owns 100% of Carriere de L'este just 5km NE, MR estimate 400-600mt.

Roche Dure 400*.75 = 300mt

So Carriere de L'este is @ twice the MR

I've bought more AVZ today at 0.1475...it's a bargain. Great comment by jsbuser to buy down...one cannot always buy it at the lowest point

Pilbara Minerals Capital Rasie:

AVZ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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Ann: Placement, page-62

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