I am very happy with this announcement! (:
Avanco are absolutely proving up the resources up here and it is significantly undervalued by the market atm imo.
If this was a US stock it would be more (fully) valued by the market; but in Australia it seems that the market doesn't reward risk and everything is undervalued. Go figure! From an investors perspective it's very tiresome if you ask me and I sometimes wonder why I am invested in Australian stocks at all in comparison.
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