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Nitrox

1,479 Posts.

26/08/16

11:12

Post #: 18705627
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Originally posted by zipperlip ↑

I don't like consolidations.

Yes, I know the theory behind them and we can point out some very good companies that have powered on after a consolation but for each one there are many many more that have destroyed the little blokes investment.

A capital raise at the moment would be a kick in the teeth.

If we listen and believe management our little pit is churning out enough to keep the wheels greased as we roll into PB.

If/when a consolation happens I would hope it was on the back of a Cu price around $3 not $2.

Slow and steady for Avb as we wait for higher Cu prices ( I know it's not sexy) but a consolation would be the equivalent of shooting ourselves in the foot the day before doing the city to surf. As if running a marathon isn't hard enough

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You'll be amazed what can happen when the fear of funding is gone.

AVB Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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