AVB 0.00% 16.5¢ avanco resources limited

capital raising, page-72

  1. 13,667 Posts.
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    masel im certain the longterm investors who were holding from 2 cents would be over the moon to see how their company has performed of late. If they manage to raise 20 million at ten cents then thats a good base formed. I also highly doubt this will be taken as a negative by the market.

    They already have cash at bank. Capex costs for the HGZ are minimal and if that gets going then we could be pulling 20+ million NPAT yearly? It's not bad going if you ask me.

    Then we drill for bigger and better things? Vale hopefully find a heap of IO at Trindade North and this eventually leads to another 40 million for AVB? AVB is on the right track. Yes..okay one of the directors cashed in. He also put his own cash into the company in the early stages when probably not many would. He still owns a lot of shares so I'm sure he wants to see the rest run as hard as they possibly can.
 
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