AVB avanco resources limited

where's wilson to give us some perspective???, page-8

  1. 14,981 Posts.
    lightbulb Created with Sketch. 51
    Lol, enrich well said

    Ok, I have had a quick read of the announcement, and I think it's pretty clear, that the company wants it known that he had to sell these for personal reasons, and is a founding member etc:

    "The proceeds from the sale of these shares are being used to meet commitments including tax liabilities.

    Mr Wood retains a beneficial interest in 15,945,000 ordinary shares and 6,203,000 1.5 cent options, representing 3.11% of the issued capital.

    Mr Wood has no intention of selling any further stock, is a founding director and a long term supporter of the Company. "

    So. I you were him, you had personal commitments, you had been with the company from the start, had worked your butt off whilst the SP languished at the 2c mark for so long, probably didn't take a pay increase, etc etc, then you hit the mother of copper loads, what would you do?

    I hope there's not more to it than that, but by all accounts, it seems fair to me. No one likes to see director selling but it's a reality and these guys work for so long through good and bad times, that they wouldn't be human if they didn't sell some shares along the way.

    I have been open from day one on this stock, I admitted being stopped out today and then when I bought a lot of them back today as well. I continue to hold and trade AVB as I continue to like the ongoing story.

    Please let me know how this changes the story today, in fact, it doesn't imo.

    This won't stop people selling tomorrow which will hurt my own position, but then you know what, as a trader myself, I will be ready with a finger on the trigger to hit buy, just as soon as I know it's a good top up / turning point, as I know A LOT of others will try and do as well.

    So if it dips early, it will at some point bounce, which is where opportunity lies.

    Be wary of those ramping the stock at the bottom to make a buck, but equally of those trying to scare monger every man and his dog in the morning, to push it down as low as possible to profit off those scared off.
 
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