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0.00% 2.5¢ avexa limited

spp allocation, page-8

  1. dwalker
    137 Posts.
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    24/12/09
    10:53
    Post #: 6081621

    Thats quite a sizeable dilution then...

    Guess its good in a way, they should be cashed up now:


    15 mil in bank at 30 Sept 09

    Plus placement of 8 mil

    Plus SPP of 15 mil

    Less cash burn of say 4 mil for quarter

    Equals approx 34 mil in cash at 31 Dec 09


    While i dont enjoy the dilution, this should give the share price some strength as it will have decreased funding risk.


    AVX Price at posting: 17.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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