AVB 0.00% 16.5¢ avanco resources limited

JuggernautsBoth your points are valid, but in reply:- 15% may...

  1. 349 Posts.
    Juggernauts

    Both your points are valid, but in reply:

    - 15% may indeed be too high, but don't forget that 11.65% was already in place and the new results are significantly better than those previously reported

    - $42,000,000 is indeed a gross value, so subtracting the previously advised total cost of $1.70/pound leaves us with $18,200,000 net income to recover - a bit more than yesterday's market cap if I remember right
 
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