Thank you Coop for sharing a significant snippet of information...

First 2 Last

Share
Profile

Follow
megabills

195 Posts.

9

05/12/16

12:17

Post #: 21106286
Share

Originally posted by Agent Cooper ↑

Good morning all,

I have a Broker contact in London who I communicate with semi regularly. We have NEVER discussed Avanco, and he knew nothing about the stock, the story or management history. However because he 'swims in the pool" of small mining stocks I knew he was going to London Mines & Money and so I asked him to check out Avanco for me, which he did (he likes copper). I wanted his initial impressions untainted by anything I might say first.

What follows are his unedited comments. No input - or influence - from me. I'll leave it with you all as we start another week.

"Met up with Luis Azevedo‎ lawyer / geo director. Excellent board. Also met Scott Funston. Another director. Really positive & I liked him. Small operation cranking up to 12,000 tpa Cu from existing operation pushing for 15,000 tpa ( not a figure to be quoted). Positive cash flow - US$20m cash currently . Will be US$ 35m by their year end - so have equity for new mine . Cap-ex of new mine US150m which with the cash & debt facilities won't need to 'go to market '....... Scope for considerable consolidation within the region.

Taking the Cu play further - I had a round table lunch with ‎Simon Hunt ( formerly of Brook Hunt ). Trades as Simon Hunt Strategic Services - very high end networking especially in China & S E Asia - thinks Cu could run to US$7,000 by 2020 !!! Says China growth story still strong & Chinese warehousing Cu cathodes for growth. Overall the Conference was very quiet but from my perspective very good. Lots Of opportunity."

There you go.

Coop

Expand

Thank you Coop for sharing a significant snippet of information which reinforces my belief in this company.
a positive first impression of company's board
cash in bank accumulating even as basic earthworks are being done in PB which will allow the transportation of ore to the crushing plant
a positive outlook on the copper cycle
no mention of the gold project which confirms the desire to focus on copper.

Last edited by megabills: 05/12/16

AVB Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring