I've always suspected that the steam was being let out of this...

I've always suspected that the steam was being let out of this without the unsuspecting retail traders noticing ie large holders stacking the buy side and dripping out sell orders.

This is likely part of the reason. The other could be that a newsletter released last week has identified to the masses a junior with what is turning out to be the largest copper resource on the ASX.

Whether AVB is undervalued or not is irrelevant in the short term. It's all about where the money is flowing.

I do hold a very small position now (for sentimental reasons) and although I don't see much downside from here, I also don't see any rerating upside over the short term (3-6 months) either.

IMO, this is a hold at these prices - Neither a sell nor a buy.