AVM 2.13% 4.6¢ advance metals limited

northern miner story, page-5

  1. 2,388 Posts.
    No idea, think it's over done myself.

    I can only assume it is in relation from the FQ sell out, which is fairly naive. Anvil was always an investment for FQ, they got involved largely due to the excellent personal relations between the management of both companies and of course the promise of the Congo.

    Whereas FQ and AVM used to share offices and admin staff as of about a year ago they no longer share offices and AVM have employed there own managerial team. FQ were no longer involved in running the company at all and they had some institutions lined up for a large chunk of stock. Having there own developments to fund they took the opportunity, sold and are very very happy with there investment return.

    They are also heaviliy involved in the Congo and are investing vast sums of money there. In no way does there sell out of AVM reflect pessimism towards the company or the Congo. They've just decided to take the profit and reinvest in there own projects in the same region.
 
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