AVB 0.00% 16.5¢ avanco resources limited

conditions precedent, page-76

  1. 249 Posts.
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    I agree with the general views on the announcement, however I am sure the Company is disappointed with the market reaction.
    We had a trading halt and suspension, I think AVB thought this would warrant a rerate and help them raise the $12m with a much sturdier share price of at least 10 cents.
    Still have plenty of faith though, the market is a dog at the moment, made worse by the fact that we are approaching end of fin year.
    They have been working on financing since March, I reckon they will be a little further down the track to tying it all up than we realise.
 
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