AVB 0.00% 16.5¢ avanco resources limited

Hi Kalenn. I genuinely respect the research + analysis you have...

  1. 4,669 Posts.
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    Hi Kalenn. I genuinely respect the research + analysis you have put together over the years - both macro , and company specific.

    However, the share price was 7.7c when I first posted here in March 2013.

    Yesterday, 13th May 2016, the share price closed at 6.2c.

    People do not invest/punt/speculate on sub-10c stocks to get a return of negative 20%. They don't even do it for a measely +20% return.

    My "pertinent question" to you - respectfully - is this: "What was your 2016 share price expectation back in 2012, 2013, or even 2014? Was it for a -20% return?"

    This price movement reflects the views of a much broader market sentiment than just Agent Cooper.

    The price movement (-20%) infers that the Bears have been right - not the 2012 Bulls nor the 2013 Bulls nor the 2014 Bulls nor the 2015 Bulls. My judgements for expressing caution on how this has panned out over the last 3 years have been clearly validated. Meanwhile, I see the so-called PB mine may now only be a start up operation and - I guess - very much dependent on what cash flows Antas can generate in order to fund PB (or will they need to raise more capital?).

    We all continue to watch....and wait....

    I hope for you, and others, that the future is kinder than the recent abysmal past has been.

    Coop
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    Last edited by Agent Cooper: 14/05/16
 
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