"Be nice AC. ...Time will come soon when we witness AC as a buyer and holder of an up and coming Midf tier COPPER miner."
Sorry, KK.
But, gee, I hope they get a wriggle on for people like yourself.
And I can assure you...I am not accumulating. I wont touch this thing.
My views on both management and likely further dilution have only crystalised further since I first ventured on to this thread with my analysis in Mar-13.
Share price may well hit double figures one day but whether it sustains it, or whether mining will be a profitable exercise are still unanswered questions that are light years away....but AVB simply cannot keep pushing out the timelines without being held accountable (by shareholders; by Blackrock; by Appian; and by their competitors) for their ordinary track record of poor communication, mis-communication, forfeited deadlines and administrative waste.
Mind you, AVB aren't alone. And they aren't the worst. Their timelines are slipping but I believe the share price would be much much worse if not for the "carrots" that are still out there - financing and so forth.
The share price weakness today isn't because of down ramping - in my opinion. It's because of the prospect of further delays in finance, and the prospect of further erosion of the $24m in the kitty on salaries & drilling & admin expenses that is unsupported by near term revenue flows.
Coop
AVB Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
