AVM have enough to do in the next 6 months to get what they already have going to an acceptable level of production and expense to really start issuing shares for new deals IMO.
There is a Gecamines deal being examined however, I'm hoping no commitment is made for another 6 months so that we shareholders can get some shareprice benefit from:
1) A fully commissioned stage 2 and the benefits derived from the reduced costs and increased output
2) Further exploration around Dikilushi, further to the south and Kapulo.
To announce another deal (and an expensive one at that) without doing the uttermost to maximise the shareprice (when there are means of doing this available) would be doing us all a disservice.
Don't get me wrong, a Gecamines would make many people sit up and take notice. However the market is soft at the moment and we shouldn't rush in and do a bad deal for shareholders.
Add to My Watchlist
What is My Watchlist?
