Awoonga, I think it is pretty straight forward - Blackrock deal depends on AVB meeting certain conditions of which a JORC is just one. Following on from this, the debt offer is also conditional and cannot be finalised until Blackrock deal is concluded. Market is not prepared to pay too much for the uncertainty which some think is relatively minor.
Patience is required, JORC is forthcoming but it just finished its resource drilling program. Remember, all those great drill results recently were in-fill holes and people had already estimated what it may have and these just supported their views.
This is just an opinion of someone waiting who has been researching the stock and trying to decide when to buy.
Go Cats!
Awoonga, I think it is pretty straight forward - Blackrock deal...
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