i recently had a vision** regarding an ‘imminent’ announcement not too far away.
it took place after a few too many fine pints of guinness in a quaint old pub. there i sat w glass in hand when my mind started pondering about what could and might become of little old AVB. it went something like this:
“dear investors -
1. AVB is pleased to advise the following developments:
2. the recent entitlement issue (“EI”) has been fully taken up by all shareholders;
3. further, the directors have all taken up their full entitlements under the EI;
4. as a result, we are now fully funded to press on with construction as we transition from explorer ---> producer;
5. construction is on track and already well advanced. however, given the success of the EI, AVB has decided to accelerate and fast-track construction.
6. as a result, we presently anticipate that production will commence on 23 december 2015, just in time for christmas;
7. we have secured a binding and non-exclusive off-take agreement with xxx. this will give us certainty moving forward and guarantee immediate income when production commences;
8. other parties have approached AVB regarding possible off-take agreements. AVB is presently considering these proposals;
9. infill drilling to upgrade the classification of JORC reported resources at Pedra Branca has been completed. AVB expects to make an announcement within 7 days regarding some exciting results which to date exceed our best expectations. we believe the market will like it, so stay tuned;
10. so that investors are kept fully and adequately informed as to progress, we will provide regular updates as we move forward. we anticipate there will be regular news-flow as we ramp-up towards production and beyond;
11. we will never use the word ‘imminent’ in our announcements again.“
then I realised that it was not a vision, but rather the guinness talking
GLA … not long now … who knows what might await next week, in june or beyond.
** note / disclaimer: this was a vision, totally fictitious, unfounded and a moment of foolishness. do not rely on the above in deciding whether to buy AVB shares.
but it is certainly worth a guinness or three
AVB Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held