AVM 4.17% 2.3¢ advance metals limited

terms odf equity offer, page-4

  1. 10,693 Posts.
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    Thanks KKR - in a way it's good that the DRC govt are sticking to their guns regarding the big six - I'd hate it for AVM to be paying up & not the others - does this mean we have another six months to settle on the Mutoshi deal?
    Don't mind the equity raising if it means Fortis/RMB or some bank lends us a straight $200 million but don't want to see a convertible note deal for the money and don't want to see too many cheap options given away in the deal.
    I'd also like to know at what copper price will they restart Dikulushi underground and how much will that cost to get back into production.
    Probably won't get Q1 results until after the current equity deal settles on May 4 but those figures won't be pretty as it'll include more write-downs.
 
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