I wonder what any placement would be at. At 4.1C the finance package would need to be bloody amazing, they would be taking so much of the company in exchange for some lowly figures.
Ideally we would get a low interest rate loan from a chinese partner or a combination of offtake prepayment and debt with little equity lost. Nigel will also probably need to set aside an extra 20 mill performance shares for the boys if they sign a deal even if it is selling the company for $1
AVZ Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held