AVB 0.00% 16.5¢ avanco resources limited

A lot of speculation about Glencores interest in Ozl and their...

  1. 3,576 Posts.
    lightbulb Created with Sketch. 1527
    A lot of speculation about Glencores interest in Ozl and their intentions. Their a miner
    with an interest and focus on larger cap projects which may see them accept into the
    offer as their minimalist interest in Avb being insignificant in the scheme of their
    global footprint. However the fact they haven't yet rolled into the acceptance facility
    is encouraging.

    Not a lot of focus on Greenstones 16.69% holding of Avb. I personally think they may be the
    spoiler. An excerpt from their website

    ........"Greenstone is a long term investor who understands the industry. As such it is not
    subject to many of the short term pressures that drive dysfunctional investment behaviour"

    These guys have a huge understanding of the mining industry, obviously are aware of the
    long term copper supply issues and hold sufficient shares to block Ozl desire for 100%
    ownership through compulsory acquisition.

    Surely they hold some power and know it, and is in their investors best interests to exercise
    that power.

    Its not done yet.

    Stay calm and see it out. Don't panic.
    Last edited by wassa: 10/06/18
 
watchlist Created with Sketch. Add AVB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.