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08:41
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Originally posted by Kalenn
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Kookie,Context is everything. That approx 30% massive dilution will come back to us. The first couple of percentage points will come back via the better deal AVB will now be able to strike when selling their concentrate. Not being under pressure to come up with a contract is already seeing improved offers from the rumours I hear. Not having to pay interest for the US$50 or US$60 million will see many more points come back to us. Being up and running and building in the trough of the cycle will see our build costs come in substantially cheaper and return another large chunk of those percentage points. Once up and running years ahead of any other viable alternative will see us generating cash flow ahead of others and able to take opportunities as they arise, scale of returns unknown but likely substantial. Being in production as the predicted surge in copper price hits in the next two or three years rather than then going out to get finance to build at the most expensive part of the cycle to finish just in time for the copper price to drop again? Priceless.... the 30% has already come back to us.
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It is you that doesn't understand dilution Kalenn...and just because you are a VERY large holder does not give you any extra wisdom. The directors should have pursued finance elsewhere when BV stalled rather than more dilution. They just sat there for six months twiddling their thumbs. You keep claiming 2.5 BILLION shares is average for a company like AVB....PPfftt!!
