AVA 6.87% 61.0¢ ava risk group limited

high risk high gain cashed up joint venture

  1. 9,286 Posts.
    this is an interesting stock

    $19M in cash

    just merged with a high cost canadian coking coal producer (around $120 a tonne costs) however coking coal is relatively high revenue earner

    risk is cash drain if canadian producer cannot turn a profit

    main interests of AVA are establishing two coal fired power stations in mid-WA and Botswana for South African supply

    the AVA JV partners in these projects are major power generation companies thus cash will not be a problem for the other half

    all depends of governments approving these projects I suppose

    I do not know that much actually

    any comments are appreciatated
 
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Last
61.0¢
Change
-0.045(6.87%)
Mkt cap ! $146.0M
Open High Low Value Volume
61.5¢ 65.0¢ 59.0¢ $712.7K 1.166M

Buyers (Bids)

No. Vol. Price($)
4 24704 61.0¢
 

Sellers (Offers)

Price($) Vol. No.
62.0¢ 1221 1
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Last trade - 15.59pm 30/10/2020 (20 minute delay) ?
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Last
61.5¢
  Change
-0.045 ( 4.75 %)
Open High Low Volume
64.0¢ 64.0¢ 58.5¢ 196260
Last updated 15.59pm 30/10/2020 (live) ?
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