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ryaning

35 Posts.

03/06/15

15:19

Post #: 15405409
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Originally posted by eastsurf ↑

Yes I think this is it for court cases and challenges. Then we can see a company change from explorer to a producer apparently in a short amount of time. I estimate the share price will rise reasonably rapidly to around $1 after the appeal. Then after everyone takes in all the info about payments to Axiom via the court of around $5 million the share price will move again. This isn't over because of a court case, axiom management have moved forward even with the court case in the background. Look at all the excellent drilling results over the last couple of months, they haven't stood still as SMM would have hoped. The next share climb will be determined when notification of a buyer and how much the price will be. The loading infrastructure will have to be put in place very rapidly. Then will will have to see what income Axiom are earning and spending and how good they are as a producing company. I think we have a ways to go before we see the real peak in share price. Maybe $2.80 by years end. Next year if it turns into a Fortescue the shares maybe $5, maybe more if we can keep our borrowings down. I have been looking at this investment in the longer term. I guess there will be some crazy buying spikes though, a lot of people are aware of the magnitude of the resource and mine life of 20- 40 years. Keep some of your shares in the cupboard for later. If a company can survive all this time when their backs are to the wall imagine what they can do when they take the dog lease off !

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Have to correct you there Eastsurf. If AVQ reaches FMG highs then the share price will be around $28 as FMG market cap is circa $7B

AVQ Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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