AVM 0.00% 2.6¢ advance metals limited

drc election

  1. 27 Posts.
    Few nervous nellies getting out before the elections??
    I expect we'll come out the other side OK... UN and donor countries have spent far to much money, time and resources not to have the elections succeed in lifting the DRC to a higher plain, although do not expect a smooth ride. Having started buying this stock in 97 and along with other long time holders we have weathered far worse.
    Mnut noticed your comment a few weeks ago re. your earnings est. this qtr. of about 16.5m (if I recall correctly) IMO I think we'll be closer to the 20m mark considering higher sales price of Cu (est. 3.20 lb average), interest revenue (approx. 1.5m) and no financing fees which cost us around 3.8m last qtr to settle (including the smelter return buy back of 2m).

    Comments welcome....
 
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