I think the biggest worry is not having capital versus any momentum in the SP. The biggest killer in this company has been the continual lack of funding despite the excellent operational progress.
So as an AVRO owner I am excited to convert my options (if in the money) and provide a timely cash injection for the company to help it be in a strong position to negotiate the best possible outcome for shareholders.
There is so much water to go under the bridge between now and Dec 18 and if all goes to plan the share price could possibly be multiples of where it is now. So no we do not want the SP to be $7.99 as of the 18th of December or lower than $8 leading into December. We will likely need to issue shares to Mercer before then anyway but hopefully at a $10 to $15 plus price.
Just IMO and DYOR.
"Toot Toot", page-112
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$17.91 |
Change
-0.090(0.50%) |
Mkt cap ! $344.2M | |||
| Open | High | Low | Value | Volume |
| $18.00 | $18.10 | $17.75 | $74.32K | 4.151K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 681 | $17.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.25 | 100 | 1 |
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| AVR (ASX) Chart |