AVM advance metals limited
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Yes Miningnut the design and build of the EAF has not been good....

  1. KKR
    1,286 Posts.
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    20/02/09
    08:26
    Post #: 4818130
    Yes Miningnut the design and build of the EAF has not been good. But that's what happens when you pick the wrong tender. The contractor who designed and built it, I'm sure will never see any more EAF work at least in Katanga. Anvil was looking for a cheap build and it has turned around to bite them.

    Q4 figures will be ugly. I expect a very large redundancy figure. I'm sure the bankers will have consultants looking at the engineering designs very closely of the new SXEW plant.At least this will be more straightforward.

    All we need is for copper to begin to stabilise and move up above US$1.70.

    Hang in their folks.

    KKR
    AVM Price at posting: $1.90 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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