Short Term Trading Week Starting: Tues 2 Jan, 2018, page-136

  1. 1,883 Posts.
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    Ha thank you, you are very kind.

    I’ve been a bit conservative on AVZ (in terms of calling it’s low). Hmm. It’s a bit hard to explain as an exact science... and is more to do with the feel if it. I get this sense that... the market is waiting for clear confirmation on it’s suspicions about the resource, and will only move up again once the next announcement drops about drilling. The evidence already presented isn’t enough this time - an anomaly in a hot sector with other explorers trading far beyond their resource expectations.

    Here’s the dilemma though: that announcement could drop anytime after now, so you’d have to be pretty confident that the drilling results are going to be lackluster in order to wait for confirmation.

    I can see a lot of volume coming through today at $0.24. That is good, and may signal that now is the time that sustained volume around these levels pushes us through $0.25 and into some clear skies pre announcement that will lead to more substantial gains, post.

    I’m not going to call it yet; too many variables still in play... however I would encourage anyone who has spare money to consider it for the portfolio. It’s not often a ‘worlds largest ’ is available for sale..!
 
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