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AVB - Avanco Resources

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speedyj1 said:
Any thoughts on were this stock is heading??
Click to expand...


I've been registered on these forums and holding avb for a very long time, but it has been a while since I made any post.

All I have to say is I have been holding avb for a little over 3 years and have averaged down many times. I initially purchased days before its all time high of 23.5c at around 11c I think. Then it boosted to 23.5c and I thought dang I'm sitting on a winner. Unfortunately, share price dropped, but I still believed in the company so used quite a few opportunities to buy in at lower prices and average down.

Nevertheless, despite all the positive announcements and moving forward of the company from a fundamental perspective, the share price has done nothing but move backwards since its good climb 3 years ago. I mean we were comfortably sitting well within the teens even after the spike we had 3 years ago, then what? We move forward fundamentally, but move backwards sp wise?

Maybe it's the overall market sentiment not wanting to get caught up on spec stocks in this day and age where the market is more uncertain than ever with the US barely holding its feet, but all I've seen is a stock that hasn't budged in the last 3 years, in fact gone down.

So what am I going to do with this cap raising the company newly announced? I hope the sp spikes and I will sell, take whatever profit comes my way and walk away to another investment. It has simply been too long for me to be in this stock and see no progress to the sp. Not to mention the cap raising is just going to provide more dilution and accordingly less value to each share we hold, it's going to take even longer for the company to move up. I'm going to be on those buggers that sells into the news this time.
 
my advice is sell now! avoid more loss / less profit if you keep holding.

this company is going to take many more years to move anywhere.

Like I said I have been holding for 3 years and we have moved backwards and based on the face of the last ann we are going to do more moving backwards for a while yet.

unless you want to lock your shares up and forget about cashing them in for the next 10 years, sell now!
 

You maybe right yet. However, the company asked to be put in a trading halt today which was accepted. I also noticed that last Friday an Amended Announcement - Results from Drilling Programmewhich can be read here - http://stocknessmonster.com/news-item?S=AVB&E=ASX&N=663450 - was an update of the paper put out on the 23rd December entitled Exceptional Early Results From Reserve Drilling Programme. Since the 12th December the price has gone up 37%, do we have any geologists here who can inform us if this is the biggest thing since Tutankhamun?

It will be interesting to see how the market reacts when the Trading Halt is lifted?

Thanking those in advance who can shed some light on the report

Regards
PB
 
My view is it is ready to rocket now FML approved, plant and equipment for mine in transit for stage 1, stage 2 and 3 potential is pretty darn good. Keep this on your radar, IMO it is going to be the next SIR!
 
whoa, whoa whaaa ...

(with aoplogies to banjoplus)

there was movement at the station for the word had got around,
avanco were about to dig a great big whopping hole in the ground

the question is - a hole for them or a hole for the mine

today, a t/h pending an update on finance, arguably overdue

other anns of interest,

the recent (16/04) ann re "Extension of time to hold AGM", as per ASX Listing Rule 10.1, due to:

... the Company [is] currently negotiating a number of proposals including those from related parties ...
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At least one of these negotiations could likely to be an off-take agreement with Glencore (approx 12% shareholder) for the Antas concentrate.

Previously the co has stated that it was in discussions with smelters in Brazl and internationally.

The international smelters being likely Aurubis' smelter in Hamburg and Glencores smelter in Rouyn-Noranda, Quebec.

Avanco have previously stated that Glencore is interested in the Antas concentrate, see for eg "Maiden Reserves exceed expectations for Antas Copper", dated 17/09/14, specifically:

... Glencore is a major shareholder of Avanco and has expressed interest acquiring the Antas concentrates."
Click to expand...
(see p8, last sentence prior to md signature)

That ASX Listing Rule 10.1 includes marketing (off-take) agreements as between related parties, is apparent from anns such as those made by ERA (eg dated 30/04/14), where ERA was granted a waiver by the ASX from complying with Rule 10.1 (incl the shareholder approval and independent review otherwise required by), when entering into a new sales and marketing agreement for their uranium oxide with Rio Tinto Uranium.

could all the cards be about to fall into place
or could shareholders end up with sulphide egg gas on their face

or could it be the lond-awaited trinadade north vale deal finally coming to fruition
for the possible answer to that one head on back a few pages for some free tuition

 
unfortunately, looking more and more like another dud pick for me
 
Don't give up hope too early LRG. It could well be argued that with the current financing plans finished in a few weeks that AVB had never been in a better position to finally reward us patient share holders.

News will come as we head into AGM time as well.
 

No still a DUD!
 


it has been 3 years since my last post in October 2013 and the sp of this stock has almost halved! Unbelievable...I am looking to re-enter now as I believe a return to the 8c range is imminent
This company at a 5 year low with increasing fundamentals only a matter of time before it bounces back now ALL IMO
 
OZ Minerals acquiring Avanco Resources for 8.5c cash and 0.009 OZ Minerals shares per Avanco
share. The Avanco board has unanimously recommended that shareholders accept the offer, subject to no superior proposal being received. Looks like a done deal.
 
I'm not sure how done the deal is - some shareholders are very unhappy with the bid. It will be interesting to see what transpires in the next few weeks before the offer period closes. I will be holding tight.
 
The OZ Minerals takeover of Avanco is now a done deal. AVB management has accepted the offer and recommend that shareholders do the same.
 
greggles said:
The OZ Minerals takeover of Avanco is now a done deal. AVB management has accepted the offer and recommend that shareholders do the same.
Click to expand...
Yep - it's a Done deal because OZL have 35% relevant interest in AVB and have had to extend the offer in an attempt to get more...
 
On July 11th, 2018, Avanco Resources Limited (AVB) was removed from the ASX's official list in accordance with Listing Rule 17.14, following compulsory acquisition of the Company's securities by
OZ Minerals Limited (through its wholly owned subsidiary OZ Minerals Brazil (Holdings) Pty Ltd).
 
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