AVM advance metals limited

re: quarterly activities report out Yes not a good quarter...

  1. 11,390 Posts.
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    re: quarterly activities report out Yes not a good quarter production-wise and my worksheet has them losing $1.5mil but we're now promised output of 27kt/pa of copper from the beginning of next year that'll earn them $US30mil/pa from Dikulushi - I'm still hoping for a final good quarter this year. Surely they'll finish commissioning that second ball mill by July.
    I'm sure Kulumaziba will be operating before the final quarter this year.
    Let's hope they give us some positive drilling results next month from Kinsevere and tell us what they're doing at the other sites including the Kumukonko cobalt project.
    The quarterly financial figures will probably be revealed next week - be interesting to see how the market reacts if my figures are correct.The first thing I'll be looking for is the bank balance.
    You've got to be a very patient shareholder waiting for them to perform operationally.It's going to be a long time before we hear from NT again.
 
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