I really do not think Oz minerals are in here manipulating the price. They are only interested in very big resources and will just let the junior company progress with exploration and drilling away until something big eventuates if does to their scale.
They are very interested in the greater Cloncurry-Mt Isa region - and had had Minotaur as their exploration scout partner in the area.
Avanco was distressing yes. My broker held millions of them but I only had a few ever - & I recall when the shareprice dropped below 8c and turned very negative looking.
He said “I think it might be going to take years “ & was also disillusioned more finally, said that he ‘should have sold some higher’.
Next thing, within weeks , bam takeover move by OZL.
Seems to be always the way that shareprice controlled down first before takeover move happens.
OZL have got plenty on their plate though and would not think they be in here manipulating shareprice or movements.
CNB has held up very well really.
All the best. Nice day today for us at last![]()
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