AVL 5.88% 1.6¢ australian vanadium limited

why selling at this low, page-3

  1. 2,507 Posts.
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    They probably got in the ipo and are happy to put their money somewhere else. It is still 50% profit and they have delayed paying tax for another year.They would probably also have options for free so it's still an ok investment. Many opportunities out there much safer than YRR or GPN and if they don't believe the story then it makes sense to take profits and move on.

    There is also the issue of transparency and whether the board is acting in the best interest of shareholders.
    There is no doubt in my mind that YRR paid far too much for the other 49% of Australium Uranium regardless of how good the area may turn out to be.

    Everything is relative to the time and YRR not only owned half of the company already but, they also had the proven resources of Gabinintha vanadium and Nowthana uranium which in effect have been diluted in order to pick up a bit more unexplored ground. It has also affected GPN as they have had their share of YRR diluted from 70% down to 40%. Many people started heading for the exits about that time in both companies.

    The buyers are just speculators who see the drop and believe it will soon bounce back once the vanadium results are released. If they are good and the company starts drilling the uranium deposits then I expect YRR to be cheap at the current price which is why I am buying a few now.

    I know someone who is convinced YRR will hit $3 soon and GPN will be 20c. I think he is dreaming but I hope he's right. As a trader I'll be happy with anything above the current price and will probably sell YRR on the first decent spike, though I will continue to hold GPN & GPNOA longterm.
 
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Last
1.6¢
Change
-0.001(5.88%)
Mkt cap ! $137.8M
Open High Low Value Volume
1.7¢ 1.7¢ 1.6¢ $52.21K 3.207M

Buyers (Bids)

No. Vol. Price($)
70 15970682 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 7752148 26
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
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