Yes. I expect there will be a sell off on Monday down to around 16 - 17c as shareholders raise the funds to take up their entitlment. The opportunity was there for the company to raise additional capital and they have taken it. There are negatives and positives. The negative is the further dilution and the positives are a stronger balance sheet, therefore a stronger negotiating position. The big picture is still very much in place. There are 3 important announcements to come over the next 3 months.
AVX Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
