I really think we need to let the first few weeks ride out...
First thing to remember is that the mining license was delayed, and this has affected the next part of the schedule - finance completion
Next thing to remember is that when things enter into the month of December... it is very hard to close deals even if there pretty well done. I hate 4th quarter deal targets...
The other thing to remember is that the global mining industry is changing so rapidly including even in the last three to six months
I think a few weeks into January is fine with the safety of cash currently in the bank and partners backing up and agreeing to expenditure.
This last point is important... it is not the amount of money that is being spent ... it is the fact the whole company and its major shareholders agree to move forward. This means they are confident in finance being imminent.
The fact that spending this money means banks can screw us more is a bit far fetched... I had to respond.
However, as always stated, this company's communication and PR is very poor, and something they need to work on. But then being told every two minutes what is happening and good PR does not mean a profitable mine or higher share price... many a failure out there with good noise.
The only commodity I like at this stage is Copper... big copper companies will need to aggregate at some stage if the price continues to drop.
AVB as a low cost producer looks good to me, either for slow and longterm SP increase or eventual target... I am continuing to buy
DYOR
Gus
AVB Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
