AVO 0.00% $3.30 avoca resources limited

anyone awake, page-8

  1. 268 Posts.
    news is they will start pulling gold out this year and that capital works are to start end of april. This means that yes they are not where they wanted to be but will have some production under way this year with a full year at the stated oz next year ramping up as time goes by.
    their will either be a placement for the 91mill or as i have been told that pala investments where bought in for this very reason to fund this and a very small placement will be undertaken to market more as a "thank you" to exsisting share holders. I guess it remains to be seen and we all have to wait and see with this one.
    Either way it is seriously under priced in imho

    as always dyor )

    =o
 
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