AVB 0.00% 16.5¢ avanco resources limited

today i rang 08 9321 6600, page-4

  1. 4,582 Posts.
    A couple more points.....

    1 & 2....Not good enough based on previous company statements

    4...Very underwhelming based on Jan 2009 ASX release where it was stated that they were targetting 20MT @ +0.8% CU on the Rio Verde property alone(my bold)
    And did he give you any examples?

    5...The key words are "or more"

    9,10,11...Company spiel only


    Company is fast becoming a joke IMO...their original strategy of developing the HGZ would have seen them self funded and not having to dilute through the 10 cent placement..(to corporate mates??)

    Congrats to all who got in early...SWC and others,but to all who got sucked in (IMO) at 10cents and above,I fear you're being taken for a ride...


    DISC...AVB was my best performing stock in 2010,but questionable mgt decisions (IMO) have meant it has been "trade only" for quite some time.


    Cheers
 
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Currently unlisted public company.

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