AAU 14.3% 0.3¢ antilles gold limited

yeah they were selling to secure the lowest possible VWAP...

  1. 2,071 Posts.
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    yeah they were selling to secure the lowest possible VWAP discount on that 40m shares conversion

    I think they have a plan to sell a portion (majority probably) of the converted shares, but now having secured 1.5c price for such a large parcel, they'd be looking to sell higher and maybe yield free carry in still a substantial qty of shares.

    so I think (opinion only), that sp is headed north from here upon catalysts of:
    - their selling stopping
    - progressing the negotiation of equipment sale and collection of funds
    - progress towards collection of monies from DR govt

    but 100% agreeance with sweetsound, it'll have to be actual commercial progress to move the sp


 
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