AVZ
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0.00% 78.0¢ avz minerals limited

Ann: Quarterly Activities and Cashflow Report, page-44

  1. binwood
    9,019 Posts.
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    30/01/19
    13:50
    Post #: 37265037
    Why would they fork out $18.6m to exercise their options?

    Based on this raise they could have taken 200m shares at 5c for an outlay of $10m and AVZ (and holders) would still be in a better position than raising sub 4c on a 20% discount to what VWAP will be in a few weeks.
    AVZ Price at posting: 4.8¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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