Just a hunch (but a strong one). The timing is right to see a serious calibration in Avanco share price.
Yes dilution, yes underperformance from management, yes delayed mining licence, yes delayed finance, yes stuck in a rut, yes copper under performing. However, market cap of $150m for a $7b resource way out of whack, management about to meet expectations and sign off on debt free mining, with the cream/profit coming our way and not the banks, copper future looking bloody solid.
After many many years of waiting, and waiting and waiting, the dream is about to become reality.
It is difficult to see ONLY upside from here. Profitable mining, exploration in one of the worlds richest lands, multiple tenaments, experienced management will capitalise on turning this penny dreadful explorer into a successful mid tier mining company.
NH
AVB Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
