Very good to hear that they're pursuing non-dilutive debt financing as an option. But it's not progress until they have it. I think that this more than anything else *may* rerate the share price.
I was amused to read the line that they're scaling down drilling at PB because the resource is so good. The future's so bright I gotta wear shades! I wonder what PP thinks of that? I read that slightly differently, which is that they're being a little careful with money at the moment. If they had spare cash floating around, and suspected there was a big pile of undiscovered copper, they'd drill the hell out of PB.
Still with 5.5mill in hand I won't panic about cash just yet.
The TN story gets curiouser, but I'm still working on the basis that AVB gets nothing for it. Fair or not, that way I don't get disappointed.
I don't think that the update JORC will do much for the share price. Even if it's a good effort. Again that may not be fair but that's life in the copper sector at the moment. I'll make a guess that they're up another 100 to 850 or so. Anything less would be disappointing, anything more would be a bonus.
I love the use of the word "timely". To me it means "thank god we have something interesting to shove in this document." Still, progress is progress.
AVB have made four big promises
produce 12000tpa cost 50 million produce at 75c/lb produce in 2014
If they manage three of these it would be impressive. At the moment, I regard achieving all four as a miracle. That's not because I'm looking to slag management or the company. I just think it's a very big ask.
AVB Price at posting:
5.8¢ Sentiment: None Disclosure: Held
