Smart money knows time to accumulate as:
1. One of world's largest Nickel Deposits (Hence SIR comparison incredibly relevant)
2. Unlike SIR they have no immediate need for cash raising as they cleverly did that pre announcement
3. They have plan to be in production in 12-18 months - SIR no where near that.
4. They have a better cost profile given nickel near surface and lower labour costs than high cost $A SIR
5. Drake left board so they could cap and accumulate and have shares to do so.
6. Comparisons with SIR - gradual climb as profit takers took their 3, 10, 20 bags etc but smart ones were patient and held on for their 50 bag...
7. Market cap ridiculously low and no where near SIR
8. Given lot of stalke holders from pre Court Case - will be lot of (retail) profit takers.
9. On top of resource they have damages claim of $100m+ on this
Me - absolutely stoked bought risk free stock at 2.6 cents ()could not believe got to that - what a gift so managed to increase my holding nearly 10 foild.
I won't sell any tomorrow either....late next week maybe - but needs to be 15 cents plus b4 even consider...
AVQ Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
