I agree with you Wilson, I have been watching options vs the heads myself. Maybe some of the new shares issued are being sold for a 55% profit today (10c - 15.5c), seems to be accumulation.
I don't know if anyone is interested or not but I found this on AVB on another forum:
Hello all, AVB has been re-rated as is clear from the share price action. Today the buying has been intense - it pushed the price up on strong volume and has managed to stay there all day. This is strong accumulation on no announcement.
They have previously announced that we should expect imminent news flow on Vale and a new copper project. They just raised the $20M and my hope is that they will move to produce from the HGZ of Cu within the next six months.
I am told they can diamond drill during the wet season as there are no access issues. We can therefore expect more high grade Cu news over the coming H1 of 2011 to ascertain the scale of the production IF they proceed this way. This will allow them to choose the optimum approach for exploitation of this resource. 25,000M is earmarked for this project so I hope it can grow strongly. Indications of a HGZ directly to the north are encouraging and need to be pursued - which is what is happening.
Stocks that register super high RSI readings generally go on and print higher highs - depends how long this will take though and your investment horizon.
Cheers, AuComm / CW
AVB Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
