AVM advance metals limited

good qty out tonite, page-13

  1. 60 Posts.
    thestorm,

    There have been many things that have concerned me since first purchasing in 1998 and watching DRC disintegrate into war, but this current Contract review is not one of them. Yo might find this article of interest

    http://www.miningmx.com/mining_fin/745949.htm

    Some quotes;

    “A third to half of the contracts don’t meet our criteria,” said Kasongo in a telephonic interview from Pretoria, South Africa. “In many cases, the investors don’t have any money, or they have not met their commitment to develop the assets.”

    “First on the list is that investing companies must have paid their tax,” said Kasongo. “That’s the first question.”

    “The second question we’ll ask is how mining companies are respecting the minimum requirements of the contract.” This included efforts to invest in infrastructure and other social upliftment projects. “Our interest here is the people of the Congo,” he said.

    AVM would seem to pass all these issues no probs.

    I'm more concerned about Cu price staying strong.

    Regards
 
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