Appears market has valued AVM as worth "up to" $1.50Nicely...

Appears market has valued AVM as worth "up to" $1.50
Nicely soaking up holders who need to capitalise -- now!

Often the share price falls back after the buying softens.
However am confident the floor price was reached and a share price of well above one dollar is likely to stay.

Assuming now - from market reaction - that the Contract Review is a non issue.
Except in that it needs to be finalised ASAP.

Two factors to anticipate in the short term.

1. Bill's capacity to reduce costs and maximise income.
Getting Dikulushi into production and the furnaces in full production are the main items.
A reduction of capital burn - or even a swing to profitability will see share price surge again.
$3 to $5 would not be an unreasonable expectation if profit can be achieved.

2. Opposing this is - as suggested by Miningnut - fourth quarter financials will be much worse than third quarter results.
Had expected these would be tempered a little as third quarter included most of the one off write downs I thought.
Whatever!
The announcement of the fourth quarter financials may provide the last opportunity for accumulating shares at still relatively low prices.
Any weakness should be temporary as the market analyses the future prospects.

Longer term we must wait for Bill to obtain financing for SX-EW completion.
An announcement to this effect should see share price move to the $4 to $8 range.

The future after that is likely to become a pattern similar to the pattern after finance was obtained to establish Dikulushi!
And that was very, very good!