Mr Lo, Thats the correct spelling on your profile , you still...

First 49 Last

Share
Profile

Follow
Wyckoff

81 Posts.

21/03/17

22:56

Post #: 23526429
Share

Originally posted by Io ↑

Actually its IO, as in a moon of Jupiter. If you don't like my posts about AVQ don't read them. If you noticed some of the other stocks I follow you will probably realise its highly unlikely I am an employee of Sumitomo. I follow this story as its interesting and one of things things that makes it interesting are the rampers who despite all the evidence and having a MD costing the company a fortune and delivering little, still go into bat big time. The facts are AVQ under RM's guidance spent $12-15M on Kolosori, a tenement AVQ ultimately did not have proper title to. As a consequence AVQ swapped attention to San Jorge and they look like defining a mineral resource around 1% Ni which is not going to be economic from a direct shipment perspective. Then there was all the money spent on the court case and on salaries and admin. That is money that did not go into the ground nor progress the project. Also, AVQ has had two major announcements and/or capital raising documents pulled by ASX/ASIC. Not great management when your MD is costing $1M or so a year. Surely you expect better performance than that?

AVQ should be looking hard into ways of increasing the grade of material they are planning on shipping. Is there some cheap way of throwing out the low grade nickel and upgrading the product such that they can ship 2-3% Ni? Maybe some form of physical sorting and/or washing? Something that does not require much power and has low CAPEX. Without that the project will not be economic in my opinion. In a forum such as HC I am entitled to express my views as much as anyone else, irrespective as to whether I own shares or not. You don't have to agree with me and nor do I have to agree with you. That is the nature of this forum and what makes it useful. An exchange of ideas.

Expand

Mr Lo,

Thats the correct spelling on your profile , you still have not answered me, which country are you in ? is it the deflating one ?

Your last sentence states " An exchange of ideas " your posts are not that , its a little more like Sun Tzu.

It is written in history , Sumitomo loves litigation around the world and it has lost face.

Back to trading in the real world.

W

AVQ Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

First 49 Last

Add AVQ (ASX) to my watchlist

Mr Lo, Thats the correct spelling on your profile , you still...

Top Stories

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Banshee's historic trenches prove rich in antimony and gold for GDM

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Cyclone signs MOU with Vale for development of Iron Bear play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Featured News