AVB 0.00% 16.5¢ avanco resources limited

avancoresources ResearchNote 05May16, page-90

  1. 4,283 Posts.
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    I can say from personal experience and speaking to management that there is certain things that companies that operate and produce in Australia can do to keep holders happy on a weekly basis. I then get the feeling that operating in Brazil is something that needs to be treated with a little more caution. Its another country with a totally different way of life and I think that understanding this is important when discussing PR and general operations.

    What im not sure of is what portion of the problems with communication is dictated by operating in Brazil, what is controlled by our major shareholders or what portion can be attributed to poor management . My 2 cents is its a bit of all of the above and we have lots of native management on board with experience in dealing with operations in Brazil.

    Don't complicate it though, are we producing copper? will we make a good margin on what we produce after all the costs are removed? if you disagree on the above then its time to move on but this is the attraction and all the rest is white noise
 
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