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78.0¢ avz minerals limited

Ann: Trading Halt, page-31

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Daripper

2,636 Posts.

677

30/06/21

09:55

Post #: 54165368
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Originally posted by sydneyguy: ↑

that was always coming

trade over the last few days kept getting knocked down to 16 despite sudden influx of hearts pumping, almost as if some work for brokers

question is what discount , how much and for what purpose

and importantly imo what is the follow up (equity raising) for development going to look like subject to approvals and DFS etc

Some data FYI

5 Day VWAP 16.2
30 Day Vwap 15.767
200DMA 14.45

clear SSP being offered allowing some to average in etc., so assuming up to 30K for retail investors

@ 5% to 5 Day Vwap 15.39 - @5% to last close 15.2
@ 10 % to 5 day Vwap 14.58 - @10% to last close 14.4 (I think around here given 200 DMA but depends on size)
@15% to 5 day Vwap 13.77 - @15% to last close 13.6

Will be interested to see the size of the raising and price together with forward expectations of "funding" to see where a potential buy back is on

Good luck

Expand

Anything will be better than Nigels last attempt ....... 20% discount to the VWAP trading price
over the 5 trading days before the date of issue of the New Shares

AVZ Price at posting: 16.0¢ Sentiment: None Disclosure: Held
13 Upvote

0 Great analysis

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