AVB 0.00% 16.5¢ avanco resources limited

where will the price go, page-33

  1. 3,351 Posts.
    Investors,
    the results released are good and have given further confidence on the potential size of this deposit. The extensions have now been confirmed and as such the tenement is open at strike and depth.

    The geos are now getting a better understanding of the mineralisation and should be able to draw up maps, cross sections, and long sections that show what's going on, where they plan to drill, and what it will mean if they hit or miss on those planned holes. Their drilling finds have clearly exhibited their increased awareness of the size of their project and has derisked their tenements further.

    AVB has a high grade, near surface deposit that is open at strike and depth. No downramping will change this fact..the management now need to move on their extensive drilling program and as such we should see news coming in the next few months.

    I do, however, agree that there will be a slight downwards trend in the share price today but this is healthy and is a period of consolidation. I do not think that it will be a drastic sell-off though...there are buyers waiting in the ranks.

 
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