Australia's largest stock trading and investment forum Australia's #1 stock forum

AVB

Click for more information

0.00%

16.5¢ avanco resources limited

Congratulations Awoonga, maybe soon you will be buying more AVB...

First 21 Last

Share
Profile

Follow
farlap

13,339 Posts.

160

28/08/14

17:12

Post #: 13889396
Share

Originally posted by Awoonga ↑

I agree that there is little chance of an end of Q1 2015 for completion. I did consider the wet season and the Christmas period. December, January and February are the shortest months for the construction industry.
I would expect Brazil would be no different.
Depending on which area in Brazil, there really is no wet season as such and there have been known periods of extended droughts.

The forecast construction time is what comes from AVB. My guess is they are being too optimistic. I would guess a 12 month construction schedule would be a more accurate forecast with some contingency.

My concern is that for a possible start before Christmas, all the deliverables (FML, Finance, Engineering Design and Contracts) have to be achieved without any further delays. The odds are against this happening.

At this point I'm expecting construction proper to begin early next year.

I have copped some flak for going against the "dreamers" but it is good to see you are getting recognition with the high number of thumbs up.
Also good to see another Project Manager adding some reality.

Expand

Congratulations Awoonga, maybe soon you will be buying more AVB ???

AVB Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 5 more messages in this thread...

First 21 Last

Add AVB (ASX) to my watchlist

SPONSORED BY