whats worst case cash backing?, page-42

dhc,

Ok, let's take away the sentiment & look at the evidence & the facts.

"Sovereign risk" - No! No more than Australia.

"MD keeping the market in a vacuum" - Not really! Although I haven't personally been happy with the regularity of announcements I'm sure the Company is keeping the market informed when it has something announce, as that is their legal obligation to shareholders. They've recently advised drill results; what the Company's latest drills are; pending results; and deals with Vale & Xstata, as well going on a few roadshows. But yes I will concur that we should really be seeing more regular announcements from them imo - even just Updates if no new assay results to report.

"little comment on infrastructure support options" - Wrong! Hasn't the Brazilian Government announced that they're going to put x$B's of $'s worth of dam, port, rail & electricity into the area??? They're already building the worlds largest dam there!

"no predicted future news flows" - Wrong again! We have current drills, pending results, pending cashflow & options from Vale, as well as Xstrata news. We are the defacto Xstrata in the area now.

"web site out of date" - Don't know! Probably because they're too busy on the sharp end and trying to prove up a resource.

"Little coverage by brokers" - Wrong! The latest report was only done in April. They don't put Broker Reports out on a regular basis. (Refer this link: http://www.avancoresources.com/BrokerAnalystReports.html)

"a stock in penny dreadful status with over a billon shares" - There are MANY companies out there for over a billion shares on issue. The market has gone to hell in a basket atm ... haven't you heard???


... and your last point isn't really worth commenting on imo.

Now, you wouldn't be trying to down-ramp AVB now would you dhc???