buying opp, page-2

It's closer to a gamble than a buying opportunity... leaving aside the logistics of how the US will agree on QE3 when they almost defaulted on their own debts in order to force through massive spending cuts, even if AVI somehow acquire funding, this mess with the underwriter is likely to leave a very large dent in investors' confidence in management and said underwriter.

I'm holding because at this point I've effectively written them off and am too shell-shocked to do anything else - but I'm certainly in no hurry to wade deeper into the muck.

Hard lessons learned - ASX announcements can't always be trusted, completed share placements can be un-completed at a whim, and all the high-grade resources in the world don't matter without savvy management (I already knew that last one, but vastly over-estimated AVI with respect to the latter).

So much for "the fundamentals"...