AVM advance metals limited

From a quick read;- Dikulushi underground sounds like a complete...

  1. 60 Posts.
    From a quick read;

    - Dikulushi underground sounds like a complete basket case at the moment; only forecasting 6000t Cu + 470koz Ag for remainder of '08
    - Kulu operating at loss
    - now end of 2nd qtr before 1st furnace at Kinsevere is (hopefully) commissioned
    - Kinsevere Stage II cost blown out another US$80M now US$380M; up 50% plus over 12mths
    - looking at US$100M debt facility but may have probs until contract issues resolved
    - presumably Govt still after nice payout

    Can someone pls highlight the positives for me....


 
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Last
4.7¢
Change
-0.002(4.08%)
Mkt cap ! $13.14M
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4.7¢ 4.7¢ 4.7¢ $23.54K 500.9K

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