AVO avoca resources limited

AVO thread relatively quiet considering it has been dropping...

  1. 709 Posts.
    AVO thread relatively quiet considering it has been dropping steadily for weeks now. Am I to assume that all are still comfortable with their holdings? I am, but growing more fearful with continued daily drops, but what I can't understand is why?

    Higginsville has large reserves, wonderful margins, is WA's first gold mine in 4 yrs, Trident set up on time and on budget, solid cash levels, U308 JV's with ENR, upgrading its gold OZ production within a year YET........ we decline.

    Using an average price of USD 970 and the current of roughly USD 925 (as I write) that shows a 4.6% drop in the gold price. AVO meanwhile has dropped from AUD 2.2 to 1.75, a drop of over 20%.

    Would not mind some sagittarius knowledge giving the HUI run down if he has time plus any other comments to spruik my willpower.
 
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