Hello Freehold. "Here's a challenge for you Ptony1948...
...find another Cu player on the ASX with high grade cu (Costs $1/lb approx to produce), decent sized Jorc, 12mth out from mining in a low cost/tax/mining friendly jurisdiction, who have secured 80% of finance (weeks from 100%), who will make approx $70m net profit each year and pay off all debt within 8 mths and who have a Mcap below $100m...and I will take a keen interest..." I am happy to take a punt on AVB and have done so.(been in and out of it since the jump from 2c to 23c so a couple of years or so). Just because I'm happy with the future potential doesn't mean I'm not going to look at potential downsides. Questions I ask myself lately are: 1. Why is there only 1.5 million or so going through lately when there's 1 billion on issue. 2. Why only 3-4 million buyers. Are all of the people who want to take a punt in? 3. How much will it drop if the funding is delayed to after 30/9/13? 4. What will it rise if funding is approved by end of month, or will it not do much because market expectation is already factored in? etc etc etc Guess I'll keep looking for answers.
AVB Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
