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16.5¢ avanco resources limited

Awoonga wrote: "...When our shares on issue has gone from 1.1...

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Agent Cooper

4,654 Posts.

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18/07/15

18:34

Post #: 15656260
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Originally posted by Awoonga ↑

I agree this graph and similar graphs are indicative. The probable exception in our case is the doubling of shares from discovery to mining.
I expect the MC and subsequent share price to rise from here. But we must not delude ourselves in believing that we will see a 67% rise in MC from here to mining based on AN alone. A MC of $280 million by March next year seems a little too ambitious without PB or a significant discovery being positively factored in.

When our shares on issue has gone from 1.1 billion to 2.4 billion in just two years, it may be wiser to focus our attention on the MC for now. The share price predictions are simply a source of amusement while we await for further developments.

As always I hope my "conservative" take is surpassed and I expect my 7.1c close sometime next week.

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Awoonga wrote: "...When our shares on issue has gone from 1.1 billion to 2.4 billion in just two years..."

...and didn't i get panned once-upon-a-time for even raising such a topic of discussion (dilution)!

Anyway....good luck to all - I'm very keenly interested in developments over next 9 months. Meanwhile I'm wearing a smile on my dial because of the recent action in FB shares...not to mention Google last night.

AVB Price at posting: 6.9¢ Sentiment: Hold Disclosure: Held
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