Mixed up in the middle of this is Investor Relations Company Citadel-MAGNUS. Note that the communications are signed off by that company which is usually engaged to ensure that investor communications are well worded and within regulatory standards. So AVA would have thought that on both occasions today they were in the clear. I would think that some explanations will be required of Citadel-MAGNUS as having vetted the communication and considered it to be within the bounds of ASX rules. That is what these companies are engaged for. I personally thought that the communication of the deal was premature in that it left too much to the imagination as to the possible magnitude and scope of the deal - seemed too complicated and unclear and left shareholders waiting for more information about the value of the deal.
AVA Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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