Klaus has basically almost guaranteed the results of the upcoming drill results and people are worried about an small dilution ? Seriously?
Just read his response to the CR unrest.
Yes in an ideal scenario the cr would be raised at a premium and near it’s highs. However it just doesn’t work like that. Avz was in the low 20s for a few months late last year and the Dow correction along with lithium sector being shorted and oversupplies being forecast means that the SP is unstable for the moment. Yes 25c is not 37 c. However with the anticipated cashburn, a cr would be required in 2 months - that anticipation of a cr would have forced the sp to be capped. Now the coast is clear - drill up prove up and let the results decide where the sp heads.
AVZ Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held