So I was at the AGM and I liked most of what I heard.
Key take home messages which came out for me:
Timelines and progress for AN look good, so commissioning by end of year. Off take agreements will be negotiated to best advantage; they're deliberately holding out at the moment to get the best deal
Expect a resource upgrade for PB in the nearish future. In particular, the infill drilling for PB East looks very positive and should result in an increase in the mineable resource. By end of year they should have a mining plan out; the cost of development will be very loosely in the 100-200m range; bear in mind that this is a very broad hand-waving guesstimate. So hopefully, if general good progress at AN doesn't drive price then PB will.
In general everyone was chatty and happy to talk and happy to discuss details, issues, and the thought processes behind their decisions. In other words it was a very open discussion. This of course inspires confidence: if things were crap they'd be much more reticent and careful in their use of language.
AVB Price at posting:
7.2¢ Sentiment: None Disclosure: Held
