AVM advance metals limited
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Last issue to institutions in Dec was at C$5.25 - so maybe...

  1. miningnut
    11,397 Posts.
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    06/04/05
    14:55
    Post #: 860355
    Last issue to institutions in Dec was at C$5.25 - so maybe upcoming issue to shareholders will be priced the same.
    That's about $A0.56.A 2 for 5 issue would get them around $A65mil at this price.I can't imagine anyone would lend them any money to build this facility.
    Still guessing here but expect details this week(next week at the latest) - I'd imagine this SXEW facility would take 12 to 18 months to build - so they'd probably have to treat the Kulumaziba concentrate in Zambia for the first 12 months.
    AVM Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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