AVM advance metals limited
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re: the anvil No not quite right - they have 23mil shares on...

  1. miningnut
    11,398 Posts.
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    30/09/04
    21:17
    Post #: 598914
    re: the anvil No not quite right - they have 23mil shares on issue,but this translates to 230mil CDI's which is what are traded on the ASX at 60c - fully diluted there are the equivalent 250mil CDI's so AVM has a market cap of $A150mil fully diluted.
    Doesn't appear such a bargain now does it?but it is as it'll be earning US$20mil/pa($A28mil) as from October from the production of 20k tonnes of copper but within five years it'll be producing 100k tonnes of copper after joint venturing into two projects owned by Gecamines(read DRC govt) to be announced in the next month or so.
    AVM Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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4.7¢ 		Change
-0.002(4.08%) 		Mkt cap ! $12.45M
Open High Low Value Volume
4.8¢ 4.9¢ 4.7¢ $78.91K 1.662M

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No. Vol. Price($)
2 185506 4.7¢
 

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Price($) Vol. No.
4.8¢ 25000 1
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