Wonder if management haved looked at the asking price or jv terms to acquire the cash producing assetts of Kagara. (asx code kzl)
They have producing mines, in our immediate vicinity of AVQ's Qld tenements, which will be fire saled, jv'd out or even dropped in the current climate.
Obviously larger and more immediate cash up front required by AVQ however an immediate cash flow generation with the ability to add substantial value to and develop our existing assetts over time!
May be a more stable short and long term message and option if the market would support such boldness. I think such a course could make AVQ a real stand out investment opportunity in these lack lustre times. Good for AVQ shareholders.
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- another potential way forward
another potential way forward
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