AVB 0.00% 16.5¢ avanco resources limited

$20 million placement closed over subscribed, page-3

  1. 672 Posts.
    lightbulb Created with Sketch. 27
    Another 200 million shares = $20m.
    Well great Avanco.

    From what I can see from the anouncement, the board is going to utilise this money for further exploration activities. What a shame.

    What happened to the real objective to begin mining the HGzone. Typical Geologists.

    The problem I see from continuing down the exploration root is once again there will be further dilution to begin the mining process. Whats it at now, nearly 1 billion shares.

    Mine the HGzone and utilise these funds and persue acquisitions and drilling at the same time.

    What a shame!!! Typical small minded board.
    Get a real engineer on site and mine the sucker.
 
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