AEV 0.00% 0.5¢ avenira limited

where art thou cliff?, page-9

  1. 819 Posts.
    I've preferred to look at a company with a material uncertainty about it being a going-concern and that is a litigation play on a case of theft of all its mines. I also like one Australian miner that is a 900m tonne iron ore project (despite the worries about iron ore prices falling) with no mine-to-port solution and with cash running out in 6 months' time, but everything has its attractions if the price is right. The iron ore project is priced at about A$82m net of cash while this company must have an asset priced around A$4m net of cash but company is dependent on the IHP process being a success for any price appreciation to occur. Difficult decisions. I certainly do not want to be buying off A.D. I've bought more of the company with the dodgy balance sheet (the binary litigation play), but have been unable to get enough at the right price, and I failed to get any of the iron ore project. Have I missed something here? I haven't bothered trying.
 
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