AVB 0.00% 16.5¢ avanco resources limited

anns prior to qrtly reps, page-126

  1. 24,192 Posts.
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    Blue Turtle ... Slippage can happen for a number of reasons... such as unpredictable weather, Equipment failure for example..and there are other examples..

    MGMT have Taken this Company to 640Kt of contained high grade copper ... made the decision to JV with Xstrata when it was clear with Antas North they need economies of scale and a bigger operation... So hardly incompetent

    They are headed towards to 1mt Contained Cu and I expect that will occur this year if not well in excess of the figure.

    They are unlikely to require Cash after Q2 next year as the High grade Antas north mine will fund exploration...

    Getting finance with the High Grade jorc in aPro mining country and likely highly profitable Stage 1 production ....Hmmm they will have not difficulty getting finance from Australia or Overseas... I suspect they are attempting to choose between multiple options available ie which presents the best deal as opposed to can I get a Deal..

    All is IMHO DYOR to Confirm



 
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