Ann: Quarterly Cashflow Report-AVB.AX, page-11

First 11 Last

Share
Profile

Follow
Owenb79

3,232 Posts.

188

29/04/16

09:19

Post #: 17628177
Share

Originally posted by Kinzu ↑

Seems like a very productive quarter. It is a pity they didnt announce some of them in separate announcements. However results are results.

1. One offtake is in the bag already and executed. They are bound by confidentiality agreements so can't disclose the details.

2. First cash sales already received in late april. There is still 20m left after finishing construction and we should see this cash pile increase or at least break even from now on.

3. Good drill results for PB.

4. The revised study programme aims at proving up the viability of a low CAPEX small scale “trial mine” at Pedra Branca East (“PB East”) as a first step towards full scale construction and production as market conditions improve. Small scale underground mining is envisaged with the high grade ore being transported to the Antas plant for beneficiation. The idea being to utilise the residual/unused plant capacity at Antas. Spare capacity and/or any enhancements needed at Antas will likely be confirmed in late quarter two or quarter three and be included in the study.

This is very interesting as we could see ore from PB being used to get some near-term cashflow.

Expand

I had a quick skim, the ASX opens in less than an hour so I got to focus. Its just a bunch of missed targets, lies and secrets.

Recovery 89% was supposed to be 97%
ROM grade down 2% not 3%
250 tonnes shipped was supposed to be 500
PB mine is now a trial mine, we know how good that goes. AN epic fail dragged on for 3 years. Transporting ore to Antas. Probably to make up for the poor ROM grade.

ARRRGH

AVB Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

FFM

Firefly positioned for copper growth in Canada ahead of resource update

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

There are more pages in this discussion • 175 more messages in this thread...

First 11 Last

Add AVB (ASX) to my watchlist

Ann: Quarterly Cashflow Report-AVB.AX, page-11

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Firefly positioned for copper growth in Canada ahead of resource update

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Featured News