have a look at the gold industry. when gold prices started to tank (im talking about falling to 1600$ usd initially) many advanced juniors stopped being able to access finance.
An array of goldies ranging from GRY, AZM, MYG suddenly had their finance stalled.
There is a lot of cheap finance but the financiers may not be willing to give out the money as easily.
Financiers in the past have been stung by the failures of miners chasing a dream during the bull market. Now they are a lot more careful and require a lot more DD.
Back to AVB. The copper fundamentals are stronger and unlike gold, copper is consumed and a deficit is expected in the near future. AVB is low cost, low capital and backed by big names in the mining finance industry.
Today OZL and SFR both went into trading halt. Will be interesting to see what this material transaction will be and perhaps bring some interest back into the copper sector.
AVB Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
