LT, I dunno but I think it will be the Lumina FID.
At that point shareholders will officially find out if it’s going into Kalgoorlie, and how it will be funded.
Shaw reckoned on a $100m capital raise.
Meanwhile I won’t be surprised if the market cap shrinks from here to
1) open the company register by allowing a mass of new entrants in at cheapest prices *
2) give those ‘new’ holders the most ‘attractive’ starting point.
But would be lovely if any raise was priced higher than market price .
And maybe there won’t be one?
As far as the sticky share price goes I think most retail buyers have bought to their limit already and the big guys know ‘their time will come’
Technically I think it’s still likely that as long as the company is trading under 1.7c a share, it’s not going anywhere :/
cheers
*As has been oft pointed out often there’s a gazillion shares here with enormous quantities of them acquired near to free by past directors of AVL and by those who launched last year’s merged company, TMT.
AVL Price at posting:
1.0¢ Sentiment: None Disclosure: Held
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