AVA ava risk group limited
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cash backed 1.3billion ts coal 2yr breakout

  1. strauss
    22,120 Posts.
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    22/01/13
    19:28
    Post #: 11321384
    Cash backed at 12c with $20m in the bank

    A further $10m to come from some milestone payment so 6c more but can't use that yet

    1.3Billion Tonnes of Thermal Coal in Botswana valued at pretty much zero

    Pretty much every coal stock has gone for a big run recently AKM AFR UNV NMR ZYL CCC MOU ATU

    Technically the 2yr monthly chart shows today was a breakout with a first target of 16c

    AVA Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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