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10.0%

1.1¢ avenira limited

looks like they are going to spend the money quickly if they...

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Barry81

3,300 Posts.

568

30/07/24

20:41

Post #: 74989945
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Originally posted by LogicLoom: ↑

Looking back at the share price for last many weeks, many were concerned about a cheap capital raise. Before any leaks, it was around 0.4c since mid July. Now, with the issue price set at a 50% premium (0.6c/0.4c), It's fair enough.

Some folks were saying the Hebang deal was dead and ex-directors were jumping ship. Without Hebang’s backing, I wouldn’t be holding this stock long-term without its firm commitment on the phosphate project. Now even better with LFP still in play.

My worry was who would fund the feasibility study without knowing Hebang’s commitment to offtake. Further on, a BOA without a solid study results in cheap sales. Now, it’s clear that they are funding the study and the offtake deal will be assessed fairly based on the study.

Honestly, I can’t see a better outcome, or please enlighten me.

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looks like they are going to spend the money quickly if they need a loan for tranche two which is to approved in October

full steam ahead

AEV Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
7 Upvote

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(20min delay)
Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $29.74M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$2.035K	185K

Buyers (Bids)

No.	Vol.	Price($)
8	5100667	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1375891	3

View Market Depth

No.	Vol.	Price($)
8	5100667	0.010
6	2526000	0.009
5	1504999	0.008
2	800000	0.007
5	10755000	0.006

Price($)	Vol.	No.
0.011	1375891	3
0.012	2047093	7
0.013	1229066	6
0.014	1239999	2
0.015	2790146	6

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