Is it just me or do I sense that this CR will be followed by a lot of strong positive news? The drilling was supposedly for 10,000m and now a 50,000m campaign is in the wings ! That is a massive increase in the amount of drilling to go ahead for whatever land they currently on and maybe acquiring further tenements.
Seems like a good time looking from some angles given that after the company is cashed up that they can then try and really get this company going gangbusters. With the CR at 10cents and the last price at 12cents im sure that the SI will not want the share price languishing around that price in the short term.
Anyone else think that maybe Avanco have hinted to the broker that the raising will be followed by strong news flow that has already being pointed out in previous announcements? Cant see the management selling the Avanco story to Bells wanting $20 million dollars if they aren't confident that the 10cent share price will be irrelevant once all this shifts into high gear.
AVB Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
