Now that is interesting. The RCR report headlines:
"Despite having majority ownership of the large scale Isabel Nickel Project in the Solomon Islands, the AVQ share price has recently weakened due to commodity price gloom and an unfortunate court appeal by Japanese giant Sumitomo over ownership of Isabel. With excellent recent drilling results confirming
premium grades at Isabel, we consider the current share price (70% below our basecase valuation of A$0.057/share) presents an excellent buying opportunity with a forecast near-term rebound in nickel and nickel DSO prices and Sumitomo’s appeal likely to be thrown out in 1Q15."
Well, things appear to be looking up!
Cheers.
AVQ Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
