“There are some simple truths in the resource game,” Frank Giustra tells me. "The first truth is that you pick a great management team and you wait."
"Waiting for the company to deliver on its promise of 30,000 barrels per day is the job of big banks analysts," Giustra says. "Mine is to make most of the money before they do."
He's talking of oil of course but the principle is the same....pick the right team, get in early and wait while everyone else tells you that risk abounds...eventually everyone else will say, "the risk has been mitigated now so let's buy"
Some are waiting for goddo, I'm waiting for stage 3
AVB Price at posting:
11.2¢ Sentiment: Buy Disclosure: Held