The latest company information is production of 103koz in fiscal2008. At a production capacity of 180koz/a this means that effectively no gold production in calender2007. The capital needs are $91M and AVO has $3M cash with a $15M drawdown facility linked to production. The loss of the CRS plant in that liquidation sale is going to set the timetable back and stand-by for a capital raising. Don't go ordering any gold bars from AVO this year.
AVO Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
