This is standard form for AVQ ahead of a capital raising. We all know they have to raise money again and they have drill results coming out soon. On past form they will push the price with insiders, on the expectation of good news coming out, set the price for the capital raising and then raise the cash. They are definitely good at raising money and I take my hat off to them for that. At some stage you do need to deliver and it is now getting close to crunch time so its going to be interesting to see what happens between now and Christmas. If the drill results for San Jorge are better than expected then it will be happy days for a while but if not its going to be ugly. It will be interesting to see which way it goes.
AVQ Price at posting:
20.5¢ Sentiment: Hold Disclosure: Not Held