On these numbers I feel the risk aversion side of me says sell. As JORC announcements are rife with dissappointment as it depends what the company sees best at the time to include in the project...ie a small high quality resource v a large low quality resource. Which I assume AVB is going for the former.
JORC can be a notoriously delayed as the company tries to eke the best annoucement out by going back and amending JORC.
Just my 2 cents for the short terms bears. Longer term this looks like a $1bil company.
no rerate on this announement
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)