I think AVM is going to have a stunning year.
I'd previously thought that Dik was a handy little cash cow to kick off AVM - too small to be significant - but after reading the recent report its possible extensions along strike to the orebody and therefore Tonnes per Vertical Metre could justify going bigger.
Kulu is a great little earner that will only improve with value adding through the electric arc upgrade.
Kins is a monster. And its a growing monster as last year the rigs had been diverted from other targets which are still to be tested. The first stage production will be a confidence boost and yet more cash coming in.
Copper has stabilised at a comfortable level that fundamentals indicate is likely to be for the long term.
AVM has a wad of cash in the bank to cover cap ex coming up - plus more following what would have been a very profitable quarter.
Given the likelihood of a divvy this year I think we will be long past $2 ($20) by this time next year.
All the current snapshot shows is that the myopic CBA is yet again squashing the share price through a mechanical selling strategy. Deja Vu for the long term holders and another reason why although there are tax benefits to putting more money in super - the performance once its there is less than ordinary.
Holding and Accumulating.
Stu
DYOR but theres nothing wrong with listening to others that put forward a logical case - standing on the shoulders of giants of which Hotcopper has many giants - just need to spot the ones that are on stilts.
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Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.249M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $996 | 41.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 991 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.022 |
2 | 142845 | 0.021 |
3 | 174995 | 0.020 |
1 | 166665 | 0.018 |
1 | 187490 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 991 | 1 |
0.026 | 100000 | 1 |
0.028 | 100000 | 1 |
0.029 | 485140 | 4 |
0.030 | 42637 | 1 |
Last trade - 15.35pm 06/08/2024 (20 minute delay) ? |
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