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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (24938)	11/10/2006 12:01:32 PM
From: loantech	Respond to of 78416

Usually takes a while to get the IR people to convince the share buyers to get their feet wet?

To: Mr. Aloha who wrote (24938)	11/10/2006 3:13:27 PM
From: TrueScouse	Respond to of 78416

Mr.Aloha: Thanks for the heads up on ASM... <<Avino could be a great sleeper if they can reopen the old mine and/or get the revenues from their tailings.>> I've held Avino for a long time but it looks as though they're finally getting their act together. To me the critical thing is that they now own almost 100% of the Avino mine, and so ASM itself can decide on expenditure for an active exploration program. In prior years they only owned 49% and my understanding is that it was very difficult to get the majority shareholders to agree on future development. The 51% was apparently a large extended family that enjoyed the cash flow for many years -- maybe even centuries! (I don't know, but I can imagine that there was no great incentive to change anything). I also think that it's a positive thing that the next generation of the Wolfin family is now running the show. So ASM traded as a cash-flow vehicle with little reserves. That could change dramatically over the next year or two. Meanwhile, if it just takes out the highs of last May I'll be a happy camper. :^) Best regards, Howy