5hareholder: "I have high doubts on the company's claims that they can have a profitable export coal operation. Anybody can state their 'goals', but whether it becomes a reality is another question."
This riles me a little because I remember saying basically the same thing about your projected profits for CCC with their upcoming projects. I asked wether with CCC missing their profit targets with ferreira and having sulphur troubles with Vlakvarkfontein how much confidence you have with CCC's projected profits and your reply was "paraphrase" extremely confident.
And yet you seem quite confident in dismissing AVA's coal project as some "pie in the sky" project. But my understanding is Bottswana will be JV or spun off...both nice options reducing risk to shareholders... Then look at their other projects - theyre all very tasty in their own right and with a MC of 36 mil...
Well I see plenty more upside than down
AVA Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
