mark100
23-03-2011, 03:05 PM
AVK listed a few weeks ago at 20c. Drilling for Copper in Argentina next month.
60m shares give a current market cap of approx $16m at the current share price of 27c.
There are also 25m options with a 20c exercise price.
They have $6m cash in the bank.
IGO took at 19.9% stake at the time of the IPO, paying 20c for their shares.
I'm having a small punt here, mainly because of the IGO connection.
60m shares give a current market cap of approx $16m at the current share price of 27c.
There are also 25m options with a 20c exercise price.
They have $6m cash in the bank.
IGO took at 19.9% stake at the time of the IPO, paying 20c for their shares.
I'm having a small punt here, mainly because of the IGO connection.