Anyway, there are very good stocks out there to make money back. One I really like is.....well, I can't cross promote. But suffice to say 2/3 Directors are on a combined salary of $39,000....less than someone at Hungry Jacks. And they recently exercised out of the money options for $100k. Now that's skin in the game and that's confidence. All in on share price appreciation, as a poker player I like that move.
I think whatever cashflow AVQ make from a DSO operation, if ever, will be so diluted it won't make any difference. And if costs are high now just wait if they ever produce.
Some people do not realise that a DSO operation is not a proper operation. All they do is ship the dirt at a heavy discount to spot to someone else to extract the nickel.
A proper operation will have a capex of $2bn, quite normal capex for a nickel laterite project.
AVQ Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held