AVM advance metals limited

One can't help feeling optimistic now - looking for a decision...

  1. 11,385 Posts.
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    One can't help feeling optimistic now - looking for a decision this year on expanding the plant to 90kt/pa of copper cathode from Kinsevere.
    95% of the plant now in the hands of Anvil personnel.
    They are forecasting 36kt to 38kt of copper production in 2011 - they are closing down the HMS plant this week and it would have produced around 7kt of copper in concentrates for the half year - so they're saying the Stage 11 SXEW plant will produce around 30kt in copper cathodes from May to Dec 2011(May produced 1.35t) - Ramp-up period is obviously expected to be over by Sept.
    Mutoshi is wildcard/bluesky.
    Corporate action to come.
    Costs including royalties to be under $1.50/lb in 2H,2011 meaning there is $2.50/lb clear profit as interest/corporate costs are insignificant - you would have to expect $150mil in positive cashflow(before tax)for the half year to Dec2011.
 
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(20min delay)
Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $12.45M
Open High Low Value Volume
4.5¢ 4.8¢ 4.5¢ $82.24K 1.732M

Buyers (Bids)

No. Vol. Price($)
1 1433 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 49949 1
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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