AVB 0.00% 16.5¢ avanco resources limited

Hi GuysUnfortunately I can see this board doing what they did...

  1. 2,622 Posts.
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    Hi Guys

    Unfortunately I can see this board doing what they did with Signature Metals.

    Slow any positive announcements to reduce a significant share price rise, while takeover negotiations occur in the back ground.

    IMHO We are going to get shafted. They will offer 50% increase above these low VWAP prices so an offer price of around 14-16c per share. But if AVB announced more of these announcements proving up the actual size of the copper lenses the VWAP would be 50% premium of 35-65c!

    If this happens with AVB I and others will definitely be taking action for a detailed explanation as to the process this board has followed of reporting information Drilling Assays to the ASX.



    My guess Vale is the company that is finalising a takeover offer.

    My question is what is the board being promised in return for not releasing these assays in a more timely manner to the shareholders and market?????

 
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