Yep I topped up today. Shizen market but hard to pick a bottom too. As I have mentioned, the 50% retrace has proven to be a good entry in the past.
50,000m drill campaign should start to have significant momentum in the 2H11. For those worried about announcements, i personally consider 9 market sensitive announcements to be good going given heavy rainfall in Brazil.
Cu pricing is still exceptional. HGZ open at strike. Lots of follow-up potential.
All for m/c of $69m (undiluted) or EV of $50m?
Lets go. Good luck to the longs from here. Rather buy them at 8.6c/8.7c than when everyone is buying at 14-15c. Tony bought them at 9.1c recently and the last cap raising was done at 10c. Good enough for me - I'll ride out the choppiness from here.
AVB Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held
