The company has made lots of progress with its projects, but it has come at a cost for shareholders - lots of paper issued.
If Avanco (or any company in a similar position) were to present at the Sydney or Melbourne Mining Club, or at Diggers & Dealers or anywhere else...they would boast about how the company has "grown" from a Market Cap of "X" to a Market Cap of "Y" in just "z" years.
Unfortunately, none of that is reflected in the share price (although it is up 18% since I started writing about it in march last year).
You are going to have to remain patient and hope that they execute strategy and can get the stuff out of the ground at an economical price....if they build the mine.
AVB Price at posting:
9.4¢ Sentiment: None Disclosure: Not Held
