I'm not connected with the company in any way, so unless these guys run their operation a wee bit differently from most spec stocks, I would have to say that I doubt a capital raising is coming any time soon - if it were, the past form of 99% of every other spec stock would have seen AVQ strike while the iron was hot on the last run up in early March to secure a cap raising...
naturally there is a chance that AVQ didn't have the ducks lined up when AVQ last hit $0.08 in early March, and the current run is so they can feed the quaking ducks now...
however, there is also the chance that these guys realise that they have a tiger by the tail and they aren't in a rush to dilute themselves at these levels, so now there is a panic to get stock...
further, there is also a chance that the massive volume in early March was a "tree shaking" exercise by a mysterious buyer who then sat back and scooped up the punters who thought the run was over, and now the buyer has begun phase two of their buying spree - the volume is such in the last two days to suggest that maybe this idea is not so far fetched! If so, AVQ should blast through $0.085 in the next few days.
whatever the case, and as I have said before, AVQ now appear to have their hands on a BIG deposit, and the current market cap does not reflect the in-situ value. I truly believe (and I've put my money where my mouth is) that AVQ is currently undergoing a re-rating which will see them a lot higher in the coming months...
from my basic technical analysis perspective, if AVQ can break above $0.085, then the next target is $0.13.
AVQ Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
