AVM 4.35% 2.2¢ advance metals limited

what will june bring?

  1. 10,457 Posts.
    lightbulb Created with Sketch. 2073
    Probabilities:
    1) New loan agreement with RMB raising some $10mil - money that's definitely needed considering the current repayment schedules to RMB & Gecamines and the heavy exploration & development expenditure.
    2) Second ball mill to be on-line this month at Dikulushi - making it possible to start earning $5mil/qtr as from July.
    Possibilities:
    1) Good drilling results,particularly from Mutoshi cobalt project.
    2) Small placement if the RMB loan doesn't come thru in time.
    Long Shot:
    1) Philippines gold project details/agreement.
 
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