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Avion Gold Corp AVGCF



GREY:AVGCF - Post by User

Bullboard Posts
Comment by desperado76on Oct 14, 2009 5:40pm
211 Views
Post# 16388237

RE: RE: RE: RE: Financing the expansion?

RE: RE: RE: RE: Financing the expansion?I am of the opinion that this is one to invest in simply on the strength of management. They operate a mine that others couldn't operate at a profit. Gold above 1000 has something to do with it, but they sem to have overcome challenges others could not. Any targets they set for themselves are met. If they set a target up to 200,000oz. then lets see what can be done. I like the term "baby Goldcorp" 
This mine will definitely be expanded so 30cents gives me little reason to expect much downside. I am of the belief that the best gold plays to be jumping into are the ones with good management who are just about to or just into production. The operation is up and running. There is actual revenue and the bugs are being worked out.
This management will ramp up production and meet targets. The financing will come.
This reminds me a little bit like New Gold. I bought that at $1.95 based on the basic story and most importantly, the strength of management and above all the members of the board. Have a look at who is pulling the strings on these companies. I really beleive these big timers don't bother with monkey plays.... they know alot more than the average retail investor.
Having said all that, Retiring Young is bang on. How can a producing mine with real oz. and designs on adding production not be going higher? They must be leveraged to the real gold price, and its still around 30cents?

I personally will be on the hunt for some cheap Avion shares to fill a TFSA.
Bullboard Posts