While it may not please some, as a long term holder, I'm comfortable that the company is just working and chipping away behind the scenes, drilling and assessing the various funding options they have available and getting those in place before going public. Prudent to under promise and over deliver and IMO, we will be pleasantly surprised in coming months.
The recent board appointments in particular give me a sense of excitement that some good news is not far away IMO.
I can also speculate that a journalist or two from Dow Jones finance that cover resource and mining stocks in that part of the world are doing their own 'digging' around this small spec stock called Avanco that sits on Vale's doorstep and has Glencore/Xstrata as a part owner.
AVB Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held