everyone has an opinion ... share trading is about fear and logic.. the fear of losing and the logic of purchasing.. the purchase for many people can be irrational and based on the swinging sentiment of the market as a whole which elimates the logic.. however the fundamental underlying principles of supply and demand apply to most resource based stocks.. research and practical application of your own reseach without influence of others is a difficult thing as we are all subjected to the market sentiment by the mediums of the day however it can be done. AVB is an interesting case.. i made some pretty good profit on Avanco and was trading whilst in Bali surfing buying in at 4 cents after reading the assay results i bought 100,000 units and pretty well forgot about it going to Roti to surf.. I came back 10 days later the share was 21 cents. Nearly pooed my pants !!!! anyway i sold of 50,000 and held the balance. The fundamental point is that the explorer has a very large copper discovery on its hands.. copper is used in heaps of stuff and the supply chain is diminishing and it is unlikely that any new developments will replace the myriad of consumer applications for copper.. these are basic facts.. case in point is DML in the kalahari.. currently at 121.00 and they have not produced diddly.. Is Avanco better placed to develop and deliver the ore than DML is? my point being Avanco based on logic and future jorc compliance it will become a major producer as it is one of few new large global CU discoveries. the current share price is irrelevent in logic .. it is inevetiable the price will rise.. the same as it is inevitable that people will keep consuming copper cheers
AVB Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
