RE: RE: Stuck in the penalty box You are probablr correct, however, what happens if AVR trips on production?
AVR will need future guidance and financing before cash burn rates blow a hole to future liquidty.
Prove more au reserves, drill, and increase production without any more hiccups.
Look what just happened to OSK, ouch.
The mm have zero tolerance right now and will trash anything fishy down to all fibonacci retracemnets, like they are doing. Gold falling apart is not helping. Street sentiment is nervous on this pivital level, and if the market is going to drop an entire leg here, or is gold going to bounce back up north of $1700.
JP didn't help matters and seasonal rotation is to sell in May.
The best hope is AVR gets taken now.
A larger player is surely going to at least grab a first right of refusal stake in AVR, and negotiate a buy out on milestones. This would then help to increase the sp until next year out.
The au hedge just confirms another indication of a locked in poison pill, however, it could also turn into a elongated value trap. Long bond...
One other concern is that normally stocks follow the spot price, but the trend started with stocks, which are also leading the drop. I would like to know the formula in what indicates which position will lead the market higher.
AVR needs news, good news, great news...for a change.