AVB avanco resources limited

tech signal - significant break of downtrend, page-79

  1. 6,689 Posts.
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    Some points:

    - AVB have been around now for 5 years (they have survived and must be more experienced)

    - Xstrata / Glencore own 15% (can't get a much bigger shareholder)

    - current price of 8c+ is 60% above the 52 week low of 5c

    - since the high of 14c back in 30/10/12, 130 million
    shares have been bought above the 8.6c price and since the price has consistently trended down from the high it is likely that most of those buyers would be holding, the others would have most likely sold at a loss

    - the 5 year price graph shows a general recovery since the middle of 2012

    - 12 month average price is 8.4c
 
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