AVM 11.5% 2.9¢ advance metals limited

Yes you would have to suggest a 5% pop in sp if a $US20mil+ qtr...

  1. 10,479 Posts.
    lightbulb Created with Sketch. 2081
    Yes you would have to suggest a 5% pop in sp if a $US20mil+ qtr result is achieved just on the publicity factor.
    Brokers will be more likely to recommend the stock with those sort of earnings being generated.
    Funds are more likely to want a piece of the action too.
    Great earnings together with a growth situation will generate interest - even AVM is promoting the growth situation on their homepage forecasting 36,500t of Cu being produced this year & 50,000/t next year.
    Kinsevere should be a good earner also as it uses cheap electricity instead of diesel, lower smelting costs by using Electric Arc furnace & lower transport costs as there's no concentrate to haul halfway across Africa.
    That TSX chart should show sure & steady progression all the way up to Kinsevere production startup in April next year.
 
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Last
2.9¢
Change
0.003(11.5%)
Mkt cap ! $3.927M
Open High Low Value Volume
2.5¢ 2.9¢ 2.4¢ $36.69K 1.440M

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No. Vol. Price($)
1 25692 2.7¢
 

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Price($) Vol. No.
2.9¢ 51842 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
AVM (ASX) Chart
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