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16.5¢ avanco resources limited

Ann: Change of Interests of Substantial Holder from OZL and IAF, page-17

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kdwc

1,908 Posts.

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12/06/18

13:33

Post #: 33652309
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Originally posted by rvajna ↑

Glencore has a market cap. of 56.15B on the LSE (98.5B AUD) and has an 8.27% stake in AVB according to recent reports. Why is a company of that size even interested in one as small as AVB? I can't help feeling that there is something more going on. The next few months will be very interesting.

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Hi
Glencore sold a copper asset to AVB for shares ages ago. I think it was an Xtrata asset from prior to Glencore's merger with Xtrata in 2013. Nothing sinister about it.

AVB Price at posting: 17.8¢ Sentiment: Buy Disclosure: Held
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