Some things to consider

People have been rightfully scared off by the falling SP since the decision and bewildered by our biggest supporter offloading their shares. Maybe it's time to consider the following:

Facts:

1) AVQ have been in a 3 year long Court battle with SMM over the Isabel lease.

2) AVQ won the High Court case on 24th September. SMM lost conclusively.

3) Previous work by others (INCO and Kaiser Engineering) indicates a non JORC compliant resource of 159mt @   1.05% Nickel and 0.06% Cobalt to a depth of approx. 6 metres.

4) AVQ have the landowners on their side.

5) Drake Private Investments bankrolled the Court case to a large extent.

6) Drake has been unloading millions of shares since the Court result.

7) The stock price has plummeted to levels seen prior to the successful AVQ outcome.

8) SMM have applied for an interim injunction to the Chief Justice sitting as a judge on the Solomon Islands Court of Appeal to halt work on the Kolorosi land in question.


Unknowns:

1) Who knows why Drake has been unloading all those shares.

2) Awarded Court costs for the trial and damages for lost production, potential earnings etc have not been released. This could run into hundreds of millions of dollars.

3) Will SMM appeal the decision of the 24th if the injunction is dismissed by the Chief Justice?


Probabilities:

1) Saprolite laterisation under the 6m levels already tested could easily double the resource grade and enrich the nickel content.

2) Having spent millions on this case, SMM can see that the resource is worth billions.

3) We will find out over time why Drake have unloaded millions of shares.

4) Landowners will not want to work with SMM if they are successful in any appeal case.

5) AVQ lawyers and management will attend the full hearing of SMM's application for injunction if it is held next week as indicated by the Chief Justice.

6) Court Costs and Damages have likely been debated or decided already in regard to the September 24th win.


Now imagine this:

AVQ have the temporary injunction lifted next week.
SMM realise that they have no recourse to appeal Judge Brown's decision in law.
The share price rockets back to above post trial highs.
AVQ restart drilling on Isabel and assays indicate double or more of the previous estimated INCO and Kaiser results.
The share price goes up again.
AVQ has already been discussing JV options with interested Asian partners.
They go into JV with these partners to fund CAPEX costs.
Share price goes up again.
Soon after a share consolidation is done at 20 or 30 to 1.
Share is no longer seen as a penny stock and attracts more risk adverse investors.
Share price climbs steadily
AVQ begins DSO from Isabel.
Share price climbs steadily thereafter according to market fluctuations, demand and nickel price.

Now, people on this forum are free to decide which scenario is more likely if AVQ is ultimately successful.
They have two choices really.

They can read the above and choose to believe it is fairly reasonable.

Or they can listen to the negative rantings and deliberate obfuscation of a few well known non-holders (and one or two alleged holders) whose reasons for posting endlessly on these threads is never answered....and believe them.

Again Good Luck To All.