AVB
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0.00% 16.5¢ avanco resources limited

no rerate on this announement, page-25

  1. Glenn_Archer
    1,284 Posts.
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    19/01/12
    12:06
    Post #: 9570724
    Hi Hawkish -

    If you have a $1b mkt cap company trading at 1c, that would suggests 100b shares on issue. We are a long way off from that!

    I re-iterate the other sources of capital for AVB which will be utilised before a cap raising is needed. See my earlier post.

    Well done on your trade. Also, anything is possible on the share market, including a valuation below 10c. We were trading below 6c in Sep/Oct.

    Chrs
    AVB Price at posting: 10.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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