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

and then you wonder why people sell and complain i don't make...

First 2 Last

Share
Profile

Follow
lecram

3,185 Posts.

189

29/07/14

10:02

Post #: 13729243
Share

Originally posted by andyk_79 ↑

I note a fair few negative comments etc today. People who think the company is just re-hashing old news.

Well I was cheering. Why? Because the agreement with Blackrock is now set in stone. It has now been made binding, meaning that as long as AVB satisfy the conditions precedent (FML and JORC which based on the drilling and progress with the DPNM appear only be formalities) Blackrock cannot exit the agreement and must provide the funding.

Also not to be discounted is that the BV funding is further along the chain. If they're looking for banks to syndicate the deal out to then they must consider it close. Whilst there can be delays syndication generally means that the deal is close. Basically once the syndication is sorted all the banks (and AVB) will have their lawyers sort out the documentation and spend a few weeks arguing over the finer details.

Expand

and then you wonder why people sell and complain i don't make any money because they got no clue what this stock is about!

AVB Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 122 more messages in this thread...

First 2 Last

Add AVB (ASX) to my watchlist