AVB 0.00% 16.5¢ avanco resources limited

pedra branca update, page-48

  1. 3,232 Posts.
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    As an investor, all I can see is money burn and a possible future capital raising at a lower price due to a poor drill result. People that trade the stock have the most influence on the price. It only takes someone with $500,000 to exit and the share price tanks. Consistent performance, reporting and conservative operation is what will maintain the share price. I don't believe they were in a strong position to make the assessment that hole 12-25 will hit the ore. If the ore is turning or bending you would have seen it in the cores 12-18 & 12-24. That close to a fault suggest the ore has shifted. It was a bad decision and a bad result and possibly deterred more investors.
 
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