AVB 0.00% 16.5¢ avanco resources limited

grinding 9.8 again

  1. 1,284 Posts.
    lightbulb Created with Sketch. 4
    Sounds like the title to a blues song.

    Obviously the market expected the JORC upgrade.

    Putting my mind to the task, short-term catalysts from here could(and i will say could given it is avb) be:
    - exploration success deep holes, VTEM targets. This will lift the JORC.
    - infill drilling to get some of the JORC to measured status i.e. bankable.
    - word on PFS timetable etc.
    - Vale, nickel spin out

    Call me suspicious, but i am left wondering about the way we are trading and the mention of 'advanced copper assets'. Are we cum-cap raising? cash is only 14m ...

    dyor, imo
 
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