ALV 0.00% 11.0¢ alvo minerals limited

Ann: Thick Saprolite Clays Intercepted at Bluebush Project, page-10

  1. 144 Posts.
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    Most of the funds which had been raised were to fund the above milestones which have pretty much all almost been completed. Also looking at the current cash position in the recently issued September report there is not alot left in the kitty for future operations. I would be anticipating a raise is very likely at any time now in the near short term.

    Yes hopefully there is plenty of interest at that stage however currently the interest seems to be fading away with the current downtrend oc
    curing atm (MACD has also crossed over). Let's just hope ALV breaks out of the current trend as will continue to fall in the interim and management may get caught in a position where they may need to raise at a lower price.

    I think I will hold off until after the raise to potentially look to make an entry depending on if this downtrend cycle reverses or not

    https://hotcopper.com.au/data/attachments/5757/5757508-389ce891e2047421f81b2fd65a2a69c6.jpg

    https://hotcopper.com.au/data/attachments/5757/5757490-02f2138df64d537f0627516a0437e783.jpg
 
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