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16.5¢ avanco resources limited

Dunno, but delaying finance settlement while prices are nearly...

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ditto..

2,420 Posts.

03/03/15

20:10

Post #: 14854135
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Originally posted by Awoonga ↑

It's not a matter of comparing, more a matter of revisiting the risks involved in punting on small stocks.
It's like looking more closely at your speedometer after you have just past an accident.

I feel comfortable that our investment risk is less with Glencore, BlackRock and Appian investing in AVB but if they lost on AVB they probably wouldn't even notice.

The loan is comparatively small, we do have a proven resource, and we do have a ML. One would believe that the finance should be a given. The only factor currently building up the doubts is the time it is taking.

No one can argue that the sooner we get this finance in the bag, the happier we'll all be.

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Dunno, but delaying finance settlement while prices are nearly unprofitable makes sense to me, waiting another few months to see the trend would seem more prudent.

AVB Price at posting: 7.6¢ Sentiment: None Disclosure: Not Held
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