I think this rise may coincide with the MMX announcement - although no "bulk commodities" mentioned - newspaper reporter suggested coal. Went back to an AVA announcement - they said present resources are sufficient for a 400 MW power station for 30 years, but note - "additional resources will reduce the financing costs of the project". (This is a bn $ project). This may possibly mean they would consider selling extra reserves - and as they are targeting an expansion of reserves in a follow-up of their seismic survey - this could be significant. Also, AVA are looking to participate in other coal projects, yet to be announced. Plus they are seeking a partner to participate in the development.
(Not investment info., posting opinions only, I am not an analyst, please do your own research. I sold AVA)
ava has doubled, page-6
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.84M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $4.318K | 39.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 147235 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AVA (ASX) Chart |