AVB 0.00% 16.5¢ avanco resources limited

avb buying indicating great results on the way

  1. 408 Posts.
    The high volume and constant buying at these levels are indicating that the next results and further exploration targets will be very positive. With only 500m shares on issue and the constant volume in excess of 50m shares everyday is indicating that some big players are accumulating at these prices before the next results come in. It wont be a question IF it will be a matter of time WHEN the price breaks 21c and has its next kick along. Over the coming weeks you will see the volume decreasing as the price goes up and less stock will be in the hands of the traders. The gap in the options will start to get closer to 1.5c as people will see its a cheaper entry into the company for the same result.

    ENJOY THE RIDE...Its only the beginning.

    Imagine stocks like FMG which was struggling at 5c-10c and then ran to $10 also CDU which dreams about such drilling results went from 20c to $10 yes its back to $2 but still a great result. Imagine what AVB can do with the $40m it gets from Vale over the coming years.
 
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Currently unlisted public company.

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