AVO avoca resources limited
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capital cost

  1. happychappy
    296 Posts.
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    15/12/06
    17:13
    Post #: 2004425
    Good news/bad news.

    great news on the cash flow from Higginsville, bad news on the capital costs.

    A large capital raising looks inevitable ($30 - $40 - $50M?).

    AVO are also in the front running to buy Norseman operations from Croesus administrator. Good news for the longer term, but will also require a whopper capital raising.

    AVO now out of the traders' realm and into the realm of insto's.

    Still my preferred domestic gold play, but CQT coming a very, very close second.

    R/happy
    AVO Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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