AVM 0.00% 2.3¢ advance metals limited

CBA must be keen to close off holding in AVL.Offering 400,000 in...

  1. NT
    1,708 Posts.
    CBA must be keen to close off holding in
    AVL.
    Offering 400,000 in pre-opening.

    While policy might (my presumption) dictate that they sell all holding in Anvil (being now a Canadian - and not Australian company - My GUESS) it may be that their selling agent is confident large parcels will be taken up.

    Which might mean other institutions - or mates - are cooperating with this process.

    Tis worth having a week or two of weakend share price and the full dump so as when
    * turn up of profits,
    * possible Gecamaine announcement,
    *possible successful exploration results
    come to fruition there will be no overhang to slow share price take off.

    Wilsons have stated - based on present valuation of Dikulushi - they anticipate 60? cents by end of year.
    Not far away now!

    Note that their evaluation does not take into account the likely Gecamine deal - or a potential new mine (Kapulo for example).

    When CBA is out expect more explosive moves in share price compared to past.

    Makes sense?

    Cheers

    NT
 
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Mkt cap ! $3.114M
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No. Vol. Price($)
2 44964 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 210419 1
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