Little bit surprised as I thought the range was to be from 100 to 150 million US dollars, though 115 mill or so Au dollars not to be totally discounted.
More an indication that the demand would not cater to a larger amount?, … OR not?, …. would have to lean towards the former.
That dilution is being kept to a minimum is a irrelevant concept here, there will be a far lot more of it to happen, though ideally at higher levels, so any mention of raising 75 Mill US to keep dilution to a minimum a little hard to believe.
Plus is that is saves the ‘dreary’ previous CRs at 30 mill AU dollars scenario, this 115 mill AU dollars will last how long?, forget previous spendings, imo, this should accelerate significantly, spendings, be quite interesting to see the first quarterly and more importantly Market sentiment for this stock.
Ihmo.
AVR Price at posting:
$9.30 Sentiment: Sell Disclosure: Not Held
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