AVB 0.00% 16.5¢ avanco resources limited

Slipperyscott,My limited understanding is those presentations...

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    Slipperyscott,

    My limited understanding is those presentations are usually done when those companies require sophisticated investors to take a stake in the companies to help them raise capital. As AVB currently has $16.5 million in the bank ( from the $20 million capital raising done) and more money likely coming from Vale mid next year, and more options likely to be converted by April 2012 i think they don't need to raise capital just yet.

    Should they move to being a Copper producer by mid 2012 that need to raise capital may change. I do believe it wouldn't cost that much to get the DSO shipping of the HGZ up and running though. Once that is running you have positive cash flow for the company which is what all share holders wish to see!

    Just my opinions of course!
 
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