Yet again AVB have failed to get with their communications right. This is quite a badly written release. In the tech sector (I am in this) you can get away with this kind of wording, I think in the mining industry you can not as facts are everything.
So lets have a look at the facts
1. Blue Chip banks at final stages of joining the syndication
2. Mining continues... and in my opinion with the support of the major shareholders
3. Therefore major shareholders must be happy with the syndication process to let them continue spending
4. They may have some more copper
Look at wording
1. Cautiously optimistic - probably as far as they are allowed to legally say something ("then do not say it")
2. End of Quarter - They are now being conservative ("so many of you asked for this")
3. Linking Stage 1 and 2 is probably about security ("be definitive why open debate")
4. Mentions up and coming new drilling results... ("just give us a date otherwise you sound nervous")
I read this (using terminology from my sector) as mining geeks trying to write a release to soothe and clam investors and they made a mess of it.
HOWEVER...
Financing getting closer
More Copper
Major Shareholders continue to support and mining activity continues
New Opportunities to buy on lows
