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Advent Convertible and Income Fund T.AVK


Primary Symbol: AVK

Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.


NYSE:AVK - Post by User

Comment by EdgarLon May 01, 2016 4:33pm
105 Views
Post# 24830709

RE:construction decision

RE:construction decisionHi Albertan - Each of the things you mentioned are catalysts.  The revised resource estimates released in the fall, the DFS, the ESIA - all these normally would have been big, big catalysts and the share price should be at least double where it's at at this point if it hadn't been manipulated as mentioned.  The upcoming technical filing will be a catalyst.  If gold price keeps going up, that will be a catalyst, and as you mentioned the announcement of financing for construction is a huge catalyst but an investor certainly can't wait for that to happen because much of the opportunity will have been missed.  The share price normally inches and spurts upward all through the process/processes.  I believe the odds are much greater for a buyout this year before financing is arranged for construction.  Now that the government work is done, and it's clear the community and government are very much behind this, now we're clear for a buyout.  If you're the buyer, you can get support much more easily to take Avnel out once this is done and that's where we're at.

But now if we can get the 20 day VWAP over 30 cents, it will be valued so much more!  This should be acheivable sometime this next week.  I'll work on numbers needed and post them later.  
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