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16.5¢ avanco resources limited

Copper price up slightly for the month of October [IMG]

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farlap

13,318 Posts.

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31/10/14

07:23

Post #: 14212407
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Originally posted by farlap ↑

The syndication process is being aggressively pursued with a number of Brazilian banks vying for participation in the financing.
Due-diligence by the banks on the Antas Reserves and Engineering is on-going. Avanco does not envisage any surprises or delays arising from due-diligence and is aiming to complete the debt funding programme during Qu4. The Company is financially strong and can draw on its cash reserves to initiate site works as soon as preliminary funding terms have been confirmed with the syndicate.

AVB is confident Finance settlement prior to Christmas. Q4. Only 8 weeks remain in Q4.

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Copper price up slightly for the month of October

http://www.*****net.com/charts/metals/base/spot-copper-30d-Large.gif

AVB Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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