AVB
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0.00% 16.5¢ avanco resources limited

Ann: Full Year 2017 Guidance Update, page-3

  1. ChristopherC
    4,765 Posts.
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    22/12/17
    10:28
    Post #: 29825456
    Good news- Guidence exceeded on both copper and gold.

    Bad news- The recent grades have seen costs higher than expected but not a permanent situation.

    I appreciate the clarity in this announcement and it shows management are managing the mine in a way that is best for long term shareholder value. Also they are upfront on both the good and the bad sides of the operation. I just wished all asx listed companies were as thorough.

    Christopher
    AVB Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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