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78.0¢ avz minerals limited

If we don't have a drilling update in the by early November then...

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coolgrace

1,730 Posts.

105

11/10/17

16:21

Post #: 27830343
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Originally posted by Mr_Tones83 ↑

The thing with the $18mill is that Huayou can't exercise them all without going over the 20% ownership threshold.
On a non-diluted basis they would own 372mill shares out of 1,751,367,795 (includes the 28mill plus insto share placement) = 21.24%
So unless they only exercise partially, or some of the current option holders exercise then they won't have the full $18mill to play with.

With the this in mind and the time taken to commence drilling I think it's likely already been sold.

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If we don't have a drilling update in the by early November then yes...most likely it's been sold.

God knows at what price

AVZ Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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