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24/10/14
20:36
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Originally posted by Awoonga
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"pressure starting to build"? As far as "pressure goes", this point in time is no different to times past. The pressure can only build if there isn't a time valve that releases pressure consistently.
Our price has dropped from 11c to 8.9c over the last four weeks despite having a FML and 2012 JORC.
The recently announced exploration was promised last year and considering the amount to be spent is approximately $500,000 out of $30 million in the bank, I do not see this as an "earth shattering" major development. Sorry, but many $millions were allocated from the CR's for exploration that is now on hold waiting on finance approval.
That said I am happy for small steps in the right direction.
People can paint any picture they want but to say that the "pressure is building" is absolute bull.
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And some tend to ignore the beauty that is context - ie before ML and ore reserve, only 4 months ago, the sp was 6.7c - well done AVB - up 35% in 4 months! That's annualised return of 100% - I'll take it.