AVB avanco resources limited

update, page-52

  1. 6,689 Posts.
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    AVB while only a minnow, swims in the same stream as all the other stocks on the ASX.

    The financial year is nearly over so how did we go over the last twelve months?

    From July 2012 to June 2013 we have the following big fish to make a comparison,

    XMM (Mining & Minerals) - down 20%
    XMJ (Materials) - down 13%

    BHP - down 3%
    RIO - down 11%
    NCM - down 60%
    FMG - down 39%

    So how did our dear little fish go?

    AVB - down 3%

    Same as BHP and much less a loss compared to the XMM & XMJ.

    While we have expected so much more from AVB regarding our price, we have still managed to swim against the flow caused by commodity price slumps and world recession.

    Two of the main reasons we have not followed the rest over the last 12 months is that we have increased our resources and made advances to mining.
    The market has assessed AVB not any individual. I challenge anyone to explain why AVB would not be affected by what has happened to the XMM & XMJ.

    The current global down turn has affected our price only. Not one single announcement from AVB over the last 12 months was released because of the global down turn.

    AVB has been held back but not dragged down.
    The spring is being pushed down tighter and tighter and when it's finally released, we expect a significant bounce.

 
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