Avion Gold Corp AVGCF

RE: RE: what a meeting that must have been

[otcmoonbound]

Yeah, management credibility has taken a hit here.  The events of the past week make Bharti & Bharti look shady.
But let's not lose sight of the big picture.  
 - This is still the first year of commercial production and there are going to be issues.  Overall, I think they've done a decent job getting this mine restarted.  
 - They have very quickly acquired a number of surrounding properties that greatly increase the resource.
 - The recent drill results were outstanding.  High grade, near surface, almost all the holes reporting good intercepts.  Only 42k oz of this area has been booked as inferred so this will most certainly add ounces.  Combine this with further drilling this year, the recent acquisitions and the reserve report next year is going to look very, very good.
 - No debt, no cash crunch.  This has been a killer for many other companies in the sector.  Not here.
 - Sprott owns a very large position.   I'm sure they've communicated to management what they expect.
 - The Canaccord deal has been cancelled.  Yeah, it looks bad, but the legal risk is gone.  Forward-thinking investors who were buying into that deal will now have to buy in the market, as will the 2mm in shorts who were hitting the stock last week hoping to lock in a few cents by buying the deal.
Yes, the stock will probably get hit tomorrow.  I will not be selling because of the high transaction costs of getting in and out of a sub-$1stock and taxes.  I'm sure a clever trader (a certain arachnid, forinstance) could do better but I'm confident the stock will be much higher in six months and as an investor, that's good enough for me.