AVB 0.00% 16.5¢ avanco resources limited

mw buys shares, page-62

  1. 6,689 Posts.
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    While Xstrata (Glencore) has 15% and BlackRock 5.5%, to them the amount of money invested is equivalent to an invisible speck on an invisible speck. I can't see any reason for either to be playing the shorting game so as to buy back for a saving of a few miniscule dollars.

    Xstrata (Glencore) has their "toe in the water" with AVB.
    They are happy to let AVB do all the leg work. If AVB succeeds, then they will take a closer look.

    BlackRock has the future royalty payments to look forward to.

    Neither would be all that interested in the share price.

    Both have reasons to be more interested in growing AVB.
    They are both very powerful and friendly allies.

    The biggest change to the present AVB compared to the past AVB is BlackRock. It has been a long haul with no reward for the long termers. As hard as it may be, perhaps now more than ever, we need a little more patience.

    The next six months should reveal how much a difference BlackRock will make.
    We won't see a price below 6.0c again.

    IMO, for those buying now at 6.0c, you can look foward to a gain of 100% by June 2014.

    Awoonga
    Santa's Helper

 
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