A great sign to see some buying from a director with next quarter likely to see more drilling results, the possible high grade pipe results, upgraded resource, metwork and a scoping study to follow.
Especially considering what has happened to AVL today, I thought the PFS was very solid but the market doesn't like larger capex projects, projects with a timeline to production a few years out and also projects that will need a high sale price to remain for several years to ensure significant reward for the investment early on. Unfortunately the people with the money on the sidelines will not be taking a 'this time will be different' approach to appraising these projects with regards to sale price, but it doesn't mean that prices will return back to historical levels any time soon.
IMO this is where the low capex and short time to production that this company is pursuing will shine if it can be pulled off. The infrastructure already in the area is a large advantage over several peers with regards to both capex and speed to production. Not to mention we have already proved high grades at/near and parallel to surface with the pipes having the potential to really change things if grades come back positive.
