Wow, no wonder people start to investigate on S672a & b. Let's look @ what it is on paper.
That TO rumour is looking less likely to be a rumour. Time to revisit it again? However, this time, the target won't be 50c but much higher than that. A straight no from me if the offer is less than 70c per share. Of course, $1 should be much more comfortable
The best case scenario is we keep drilling & raise time pressure on potential suitor. Let's don't forget, for each of the result we get, our SP should move up by certain ticks accordingly. If we hit better result than previous best 3 holes, SP should be jumping up instead of crawling up.
So, let's be realistic, during drilling + potential TO phase, why taking risk of trading this stock? Constant news flow could create too much trouble on timing the buy/sell. Holding empty position takes far better risk IMO.
Next 3 months should be extremely busy for all AVZ stakeholders. Good luck everyone
AVZ Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
