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16.5¢ avanco resources limited

Flip side to buying a mine is someone sold it for a good reason....

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239 Posts.

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08/01/18

22:24

Post #: 30141413
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Originally posted by m0ngy ↑

SP was a bit high but now is about right in my opinion. AVB is a big disappointment in my opinion with a poor profit of just $1.1 m 0.5 cps and struggling operationally. Expansion plans may or may not increase profit as high cost of production seems immovable and they keep encountering mining problems. They bought a gold mine but have no approval to mine and may never get approval. Crazy in my opinion but it's history now. High legal costs are expected and to maintain the currency of their mineral licence they have to keep spending coin on it. All my opinion, the AVB fan club disagree of course. We will see.. DYOR

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Flip side to buying a mine is someone sold it for a good reason. If the mine was that valuable it would have commanded a higher bidder.

Would be nice if AVB stuck to what they intended a few years ago.

AVB Price at posting: 9.0¢ Sentiment: Sell Disclosure: Held
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