Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think this pretty much sums it up for Anavio on the Canadian forum....
@VictoriousSecret LOL an hour ago
"GuYz TheY aRe StEaLiNg tHe CoMpannY fRoM PI's"
"Umm OK Anavio just dumped 2/3 of a billion shares on the open market before the ink was even dry.
They are getting out from under from this as fast as humanly possible to recover whatever pittance they possibly can before delist.
Their actions speak louder than your words.
Tell me again who stole what.
Tell me again who gained anything at all here."
Financing as per 2nd Jan RNS was supposed to complete today 15th. This has been pushed back, no way I can see Anavio agreeing to 0.15 especially when they forced COPL to previously change placing price from 4p down to 2.6p prior to the disastrous updates that followed that. And let's just forget the debt of over $135M and growing shall we?
Put simply, there are many many reasons why this is priced to fail
They could have simply re-entered Tai-3 and continued drilling deeper there, but there is obviously something compelling for them at Itumbula based on the data they have which may turn out to be money well spent for the company and shareholders, even if obtaining the money was painful for all shareholders concerned. My reckoning is that a commercial discovery will propel this back to 1 - 1.5p for starters so decent money to be made here for the brave!
I can't see the MM's over there offering over 100% premium AND a buyer being prepared to pay over 100% for just $2k worth of shares there without something else going on.
Maybe we'll find out soon .....