AVM 4.17% 2.3¢ advance metals limited

substantial holders, page-9

  1. 10,674 Posts.
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    I'm sure they'll sent it out with the Notice of Meeting for what its worth.
    Unfortunately we do need the money to complete the SXEW at Kinsevere - we don't have secure tenure over our DRC leases due to this contract review so can't get debt finance and so unfortunately this is the cheapest money available - so we have to grab it as we don't know the outcome of the contract review.
    And operationally we're 'on the nose' due to a couple of unbelievable stuff-ups.
    All will be forgiven if they can deliver the Kinsevere SXEW on time/current budget late next year.
    We do have the resources at Kolwezi/Mutoshi that will be the icing on the cake within a year or so.
    The shareprice can only mark time for the rest of this year as profits in Q3 & Q4 will be miserable.
 
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