A company that is trading at 238 times, producing 52,000 oz in a quarter and has long term debt sounds like a recipe.
If you mean that AVO has investors like Com Bank NAB Morgan etc etc then yes they have a bit of institutional backing, however, I note that some have been lightening up on their holdings over the past year.
I'm not sure what the investor base is for RMS it may be offshore but money is money and yes there may be an advantage with the Aussie instos but who knows what is offshore.
AVO seem a little desperate that's why I will not support them.
Cheers BW
DIO Price at posting:
79.5¢ Sentiment: LT Buy Disclosure: Held
