$US75M, if successfully raised, will provide the company with sufficient cash for now.
I expect a significant handbrake on the share price over the last twelve months has been the lack of cash. Should they meet their milestone expectations over the next twelve months, commercialisation will be within sight and any future minimal cash requirement hopefully can be raise at a substantial premium to what can be achieved this time.
Massive risk/reward is why I invested and have seen the reward upside continue to expand and the risks continue to diminish. Potentially still some time yet for significant gains however matches my investment requirements nicely
AVR Price at posting:
$9.30 Sentiment: Buy Disclosure: Held
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