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78.0¢ avz minerals limited

People who bought AVZ at .37 cents thought AVZ was fair value at...

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lloydray

1,587 Posts.

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02/08/18

09:44

Post #: 34683146
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Originally posted by lloydray ↑

If North American Institutional people who bought AVZ at .25 cents with attaching options exercisable at 30.5 cents thought AVZ was fair value at that time.
After 5 months of information and at 53.% percent discount or at .145 cents , should
be more than fair value? My guess.

Please see below part of the announcement last 26 February 2018.....

The Board of AVZ Minerals Limited (ASX: AVZ) is pleased to announce that it has mandated Cantor Fitzgerald Canada Corporation (“Cantor”), part of a global financial services firm, to manage a $15 million capital raising. Cantor has received a firm commitment for 100% of the placement from one of its North American institutional clients.
The placement will comprise 60 million shares at an issue price of 25 cents per share, together with 30 million attaching options exercisable at 30.5 cents, expiring 24 months from the date of issue, to raise $15 million. At settlement the investor will hold approximately 3.2% of AVZ issued shares.

DYOR

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People who bought AVZ at .37 cents thought AVZ was fair value at that time.

North American Institutional people who bought AVZ at .25 cents with attaching options exercisable at 30.5 cents thought AVZ was fair value at that time.

With today's JORC announcement, about 10 months of information
and at 53% percent discount or at .145 cents ,
should be more than fair value? My guess.
DYOR

AVZ Price at posting: 14.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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People who bought AVZ at .37 cents thought AVZ was fair value at...

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