AVM - Advance Metals

[System]

Metals Finance Limited (MFC) is a Canadian company providing a combination of finance and technical skills for the development of small to medium scale metal recovery projects around the world.

http://www.metalsfinance.com

 

[System]

On January 27th, 2015, Metals Finance Limited (MFC) changed its name and ASX code to Pacific American Coal Limited (PAK).

 

[greggles]

PAK has been stirring recently. The last couple of days have seen above average volume and some upward momentum. There have been no market sensitive announcements this month, so I'm not sure what's motivating the activity.

 

[greggles]

Pacific American Coal has pushed through 6c today and is currently trading at 5.9c.

The company has received drilling approvals for its Elko Coking Coal Project in British Columbia, Canada and the company plans to commence exploration activities as soon as conditions on the ground permit.

Elko has a JORC 2012 resource of 257.5 million tons of coking coal. The company has $4.7 million cash in the bank and a market cap of around $9 million. By any standards PAK looks undervalued and any good news could send it much further north.

 

[greggles]

Two months on and Pacific American Coal is beginning to make some ground with drilling set to begin shortly. Volume is increasing with two million shares traded in an hour and a half today. Previous high of 7c made last month is looking like it's going to be taken out shortly if the buying pressure keeps up.

 

[barney]

Good call on this one Greg ….. Wish I'd been paying attention sooner!

Nice steady run up from March to May with a couple of accompanying Volume increases followed by a low volume retrace into June …… fits my favourite price action profile and accumulation around the 5 cent area would have been low risk given there are some longer term fundamentals to support it. Will wait for the next cycle now but definitely a Spec to watch.

 

[System]

On May 29th, 2019, Pacific American Coal Limited changed its name to Pacific American Holdings Limited.

 

[System]

On June 15th, 2022, Pacific American Holdings Limited (PAK) changed its name and ASX code to Advance Metals Limited (AVM).

 

[Dona Ferentes]

2022 was a transformational year for PAK and we transitioned our business strategy towards metal projects in North America. The decisions we made have set the business on new course with a strong board, additional skilled geological team with new and expanded projects in Copper and Gold.

coal was not a goer, so lets change tack

Our main focus moving forward will be identifying and developing metals projects to support the electrification and decarbonisation economies. We have purposely identified and secured metals projects that offer shareholder returns and that have a long term positive outlook.

 

[noirua]

Advance Metals (ASX:AVM) confirms high-grade rock chips at Garnet Creek, Idaho​

Advance Metals (ASX:AVM) confirms high-grade rock chips at Garnet Creek, Idaho

Advance Metals (ASX:AVM) has confirmed copper, silver, gold, molybdenum, and tungsten in rock chips at its Garnet Creek project in Idaho.

themarketherald.com.au

Copper values reached as high as 21.24 per cent, with historical sampling also reporting assayed results of as high as 21 per cent copper.

Select rock assays in the Tussel Ridge target also identified high-grade copper, silver and gold.

Silver values assayed up to 345 grammes per tonne (g/t). As for gold, three samples assayed higher than 1.5 g/t gold, with the highest assaying at 8.4 g/t gold.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^AVM&p=0&t=1

https://uk.advfn.com/p.php?pid=staticchart&s=ASX^AVM&p=5&t=1

 

[finicky]

Entered in the May comp. l checked out the 5 year WEEKLY chart and saw the volume outbreak. Price looks like its bumping up against local resistance around +5c and even went up on Wednesday against a background of appalling gold volatility. Maybe the gold price will plumb its depths during April/May and come out on top before the close of the May month. Just a shot in the dark.

The gold exploration company has been getting hits with maiden drilling at its Myrtleford tenement in the Victorian goldfields. Haven't checked out management but over along period it has diluted then consolidated shares at 10:1, so not good on that score.
Got the idea to take a squizz at it from one of the few people I follow on twitter: TwinTurboCelica.

Not Held

 

[finicky]

Trading Halt for a capital raise. Anticipates reopen 2 May.
Hm .. have to see how this affects my entry of it in the May comp.

Not Held

 

[finicky]

52m new shares @ 0.05 plus 1:3 free attaching options.
Don't understand what the ex price is for the options.

Share price has already hit the 0.05 price for the fpo placement

Not Held

 

[craigj]

AVM lots of news due on drilling from different sites Gold in Victoria Silver in Mexico

 

[finicky]

Now Next Investors is pumping AVM's Victorian prospect and drawing a possible parallel to FAL.

Not Held
No plan to buy, bit interested in the Vic gold prospect but not after this run. Also it's a 'Next Investors' pump.

Excerpt:

"AVM actually had some interesting news on one of its silver projects out earlier this week.
At 8.8c AVM is still only capped at $27M.
An estimated 100M+ ounces silver equivalent (non-JORC) aside…

Today AVM announced more results from its Victorian gold project.
We Invested in AVM for the silver because we think the silver price is going to keep running hard and will take silver stocks with it…
So far so good.
…but AVM’s gold results on its “side project” are now getting our attention too.
Sort of like when your side salad at a restaurant is surprisingly good.
AVM just re-assayed two previous hits from the project and actually UPGRADED the two best results to…

3.4m at 68.2g/t gold from 187m and
a monster 1.3 metres hit at 305.8g/t gold from 169.6m depth.

Both of those hits on their own (totally ignoring the silver) make us think just AVM’s Victorian gold project more than justifies the company’s current $27M market cap.
Especially when similar drill results like Falcon Metals’ are being re-rated to market caps over $170M (more on that later).
We also noticed AVM hit visible gold in one of the latest holes on the project - sitting inside a 0.9m hit where gold grades averaged 25.1g/t.

We really like the results AVM has put out so far… but the news we are most interested to see is the hole AVM is drilling right now.
AVM said that the deepest hole on the project was currently being drilled to test:
Down-plunge potential of the whole system AND
Intersect a zone ~60-80m below a previous hole that hit 7.55 metres at 5.7g/t Au, including 2.5 metres at 14.9g/t Au." .. and it goes on ..

DAILY