I've made my decision to wait until after the appeal outcome before I trade any AVQ, so I'm not glued to the screen ....but I did just notice that when an order sold down at 38c a few minutes ago ...it was instantaneously replenished -which can only happen with computerised trading. This trading holds the cards off screen is why you can't always always go on volume (buy OR sell).
Of course some traders will sell for a few pips -but medium to long term, we are better off trying to understand strategic advances of a company. Today's news ensures company liquidity and funding to advance drilling, JORC compliant exploration results, BFS as well as reported: "We now have 50% of our mine development capital expenditure covered and expect the balance of funding to come from potential customers, this will see us through to production and a positive cash flow position.”
Cheers,
SJB
IMHO
AVQ Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
