Hi qball Mate I dont know any sane person, company or...

Hi qball
Mate I dont know any sane person, company or institution that would pay 10c for a share when it is available to be bought onmarket at 4.3c. Sure buying onmarket does nothing to fund further development of the project. There is nothing to stop Huayou from making an alternative offer of say 6c a share to raise a further $15m to $20m. Question is will they??

Huayou have been very busy with other expansions and probably dont have a large excess cash pool right now.

Personally I think Huayou are playing a long slow exercise with AVZ and will act when transport and logistics solutions are much more certain than they are now. They should be careful as they have effectively left the door open for other companies to come in and also take a significant stake in AVZ.

Fortunately the recent (crude) fund raising exercise has delivered sufficient cash to carry on for quite a while and should get the project to the point where everyone believes the project will be a huge success.

In the meantime I remain patient and positive that we will be in a much better position by the end of 2019.
Chrs W2