I've just finished reading the M&D report. Excellent results all round. Big percentage jumps all over the shop. Well on the way to making over $100 million net profit for the year. Looking forward to the web cast. We should have some more analyst's reports out again soon. All we need is the mining review process to be settled over the next few weeks.
Some highlights that I thought I'd add:
Philippines: the local government authorities and the Barangay Poblacion community that is located near the
Itogon project endorsed the Company’s work program in July which allowed for the planned drilling at Frog
Vein North to proceed. The first two surface Diamond Drill holes have intersected Frog Vein, and a third hole
is in progress with the first assay results from these intercepts expected in late October. Channel sampling of
the underground workings at the old Itogon mine has begun.
Community Development
The Company’s community development programs in the DRC continue to focus on health, education, local
employment and small business development.
At Kinsevere, construction of two schools and a health clinic commenced during the third quarter, with both
projects having benefited from successful discussions held with the Ministries of Health and Education during
the June Quarter. In addition to these projects, the Company and its development partner Pact, also initiated
the start of a permanent market place to enhance the local economy.
The commencement of early works on Kinsevere Stage II has resulted in the Company undertaking a number of “in-community recruitment drives” to support the development of Kinsevere Stage II and in the past month, 80 labour positions have been filled.This is consistent with the Company’s goal of maximizing local employment.
In Lubumbashi, the Company is providing technical support and expertise for the development of the city’s
five year Urban Development Plan, which the municipal government will use to strategically manage its
urban renewal efforts to meet the expanding population growth that has occurred since last year’s democratic
elections. This activity complements the discussions that were held during the September Quarter with donors
and other responsible mining companies regarding the development of a coordinated response to the regional
infrastructure requirements of the Katanga province.
Anvil’s collaboration project on the Voluntary Principles for Human Rights and Security with the Multilateral
Investment Guarantee Agency is on schedule and the Comprehensive Implementation Guide (the “Guide”)
was completed this quarter. Roll out of the Guide is expected to begin during the fourth quarter of 2007.
Looking forward, the fourth quarter will see continued progress on community development projects and a
focus on alternative employment opportunities for artisanal miners.
- Forums
- ASX - By Stock
- great 3q results hopefully
I've just finished reading the M&D report. Excellent results all...
Featured News
Add AVM (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
-0.004(16.7%) |
Mkt cap ! $2.708M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.0¢ | $21.02K | 1.013M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32538 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32538 | 0.020 |
1 | 252900 | 0.019 |
1 | 166665 | 0.018 |
1 | 100000 | 0.017 |
1 | 187490 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 100000 | 1 |
0.029 | 485140 | 4 |
0.030 | 42637 | 1 |
0.032 | 65069 | 1 |
0.036 | 135045 | 1 |
Last trade - 15.25pm 07/08/2024 (20 minute delay) ? |
Featured News
AVM (ASX) Chart |