fundamentally avd is very low risk, page-17

My first reaction is to agree, and it would be the text book reaction when using history of management is our guide.

However, I would council that it might be wise to pass final judgement when the assett come along and we can judge the quality of what appears.

There is no greater money making opportunity than a company that can ditch itself of an under performing assett, and secure the right one going forward.

Just refer to AVD's first cousin PXR, or the unrelated BTU
both coking coal plays and PXR is directly related to our management if not AVD. They know what to do

PXR is the way forward

BTU is the dream

Just maybe

Viney