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I think fully diluted there are just over 2bn shares, so not...

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OppositeDays

832 Posts.

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11/10/17

17:31

Post #: 27832416
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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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I think fully diluted there are just over 2bn shares, so not enough to auto trigger a takeover.
It would be foolish to grant enough options to do do this would it not?

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