Sads, Worthy has a point, that all being equal on good results, this should have legs in medium term. Though, I'm not sure if I have the stomach for anymore risk. I will re-assess how I feel about AVX, when the announcement comes out.
For me after having my funds locked up for last 17 months at values half what they have been, is very frustrating. This is compounded for me by some poor management decisions in the past (PGL) and even poorer communication (SPP and Tibotec ???).
Good results will be fantastic, but I just hope the boffins can turn them into a commercial reality. Partnership talks over the years has been just that....talk. It sounds great in press releases and forums, but means zip,until it actually happens. Don't even mention troubles with finances and JC's promise that will never be a problem or scaling back on the 3 mill cap on SPP. If we can't trust what management tells us, I become worried. I have heard most of them with this mob, but are prepared to forgive if they can deliver us closer to the 'holy grail' and ultimately shareholder profit. If not, Easter is coming and JC better take great care.
Good luck to all.
AVX Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
