AVB 0.00% 16.5¢ avanco resources limited

getting the $12m is the key, page-14

  1. 3,232 Posts.
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    Ironking,

    I cant see any reason to be above 10c at the moment. The finance is not complete and not set in stone. The only reason we went from 10c to 5c was because traders exited and some investors had to pull the plug or got bored. We had a modest rise to a higher open yesterday and gave up half of that due to traders and some investors exiting. I think when we have 100% conformation and we start drawing down on the loan things will change. I think this was only confidence building. There were not enough weak hands push the price down yesterday. Only a few that wanted to sell and looks today that there aren't many left. For what its worth we are in a much better position.
 
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