AVB avanco resources limited

future movements., page-70

  1. 6,689 Posts.
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    I don't think that the finance deal is factored in our price yet. Not to the fullest extent anyway. Remember last October 2012 when our price was 13.5c. The finance deal wasn't even a glint in Matthew Wood's eye. The support for our price then was more to do with a better world outlook and as such a better copper price.

    Only recently some investers (not all) are now believing that the worst may be over. We see that sentiment in the slightly strengthening copper price although for now it is only a dim light at the end of the tunnel. This and our potential low cost of production I believe is the main driver to our current share price. All things being equal and the copper price was $4.00 per Lb then I think we would be over 13.5c again.

    A confirmed finance deal will boost our price but perhaps not to the fair value due to the uncertain climate, not due to it being factored in most part already.

    With a finance deal I would expect our price to be 20.0c or more.


 
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