Everyone relax. You've had a very big raising at 7c and selling has been muted since then.If you buy at 7c and await the results and the price is 13-16 then a lot will sell. Vol today was HUGE.Almost 3 weeks worth in 1 day.
What happened? It was basically static.Its a good sign. 20 million new shares came on register at much higher than 7c. It will settle down again and then , with good management, we'll have a good jv and then further rises.If its 20c by Dec you,ve made a huge rise. If its 0.5c every 3 weeks thats enough to get to 20. We all live in the instant news age and expect immediate increase.
This will still take time.The real world ( as opposed to the everyday fantasy of the stock market) takes time for due diligence,figure crunching and then agreements.
Early results are in. they are positive so we must let Co get on with it.Hopefully big pharma has loosened his purse strings and they are worriedly looking at their patent expirations and an empty cache of new product.
AVX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
