Hi cortinaboy, it seemed that the sell side was stacked up when then trading halt was lifted. It wasn't just in the mid 40's near the price, but in the high 40's and just above 50c. The price wasn't allowed to run as the buyers kept getting hit which seemed a bit strange. I didn't notice any of the sell orders moving down towards the price either. Why pile out on good news at 43c when 49c was on offer on no news?
When the price ran from 36c-48.5c on the 5th-6th March, there was only around 4 million shares traded.
My guess would be some sort of accumulation at these levels by interested parties by way of a stock churn (buying and selling to themselves whilst grabbing weak holders shares into the bargain).
Not sure how long i'm willing to wait as i don't generally hold anything for long periods, especially with the current global environment.
Long termers will be rewarded imo. I'd guess somewhere between 60c and $1 could be pitched for a takeover (just my own uninformed guess).
AVX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
