Ann: Trading Halt-AVQ.AX, page-196

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Izzy79

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30/07/16

09:16

Post #: 18405766
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Originally posted by djm3001 ↑

Hi Invest

Shareholders have raised many times their unhappiness with these endless placements on what always looks like very preferential terms. Shareholders have conveyed their unhappiness at AGM's and EGMs, especially the last info sessions in Sydney and Brisbane. It's disappointing that once again we have gone down this path and not looked at a rights issue or large raising from existing shareholders. Surely there was time to do this in this case.

If what you say is accurate and RM has an oversubscribed offer then perhaps he should take all he can get because if he needs to go back again and do another placement before this thing is over it just shows that he and his finance team simply can't manage their treasury operations.

Perhaps if he raised $10 million or so he can say bang we have enough cash to see this thing through and not be penny pinching on our drill programmes etc and look more financially secure to the world.

I really think they need to be absolutely CERTAIN that they do not need to go back to the market for a rats and mice raise to pay overhead again until they are announcing a proper large financing facility and have sorted out the PL etc.

Thoughts?

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djm3001,

AVQ already has crap loads of options on the table.

$6.7M at 30c expiring end sept. Another $68M if the rest are exercised ($13.5M expire 2017). Total $75M at 43c average.

Lets focus on getting these in the money - a fine line between flooding at current prices (28c with more options) and getting the momentum to get the current list exercised...

AVQ Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

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Ann: Trading Halt-AVQ.AX, page-196

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