I agree with the general views on the announcement, however I am sure the Company is disappointed with the market reaction. We had a trading halt and suspension, I think AVB thought this would warrant a rerate and help them raise the $12m with a much sturdier share price of at least 10 cents. Still have plenty of faith though, the market is a dog at the moment, made worse by the fact that we are approaching end of fin year. They have been working on financing since March, I reckon they will be a little further down the track to tying it all up than we realise.
AVB Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held