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)
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 26255 | 0.110 |
8 | 321813 | 0.105 |
15 | 372990 | 0.100 |
1 | 30000 | 0.097 |
1 | 104166 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 83591 | 5 |
0.125 | 25000 | 1 |
0.130 | 230522 | 7 |
0.135 | 259000 | 4 |
0.140 | 198771 | 2 |
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