AVZ
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0.00% 18.5¢ avz minerals limited

Ann: Trading Halt, page-141

  1. JB1975
    57 Posts.
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    26/02/19
    16:25
    Post #: 37574688
    "No problem there, at $0.038. Inside the 25% "

    I agree. Just checked they have the 7.1A - they do - resolution 15 of the last AGM.

    $9,800,000 / 0.038 = 258. million shares.    258 m / 1,888 m  = ~ 0.13 so less than 0.25.

    So seems they could take $9.8 million cash from Pato's (or some from elsewhere) under cash raising powers separate to the prospectus. 
    AVZ Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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