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.
AVB Price at posting:
12.0¢ Sentiment: ST Sell Disclosure: Not Held