AVB 0.00% 16.5¢ avanco resources limited

big news out ..effects avanco, page-11

  1. 2,657 Posts.
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    well the market sure seems interested.

    Possible signs of a volume breakout. Obviously the price has improved from 4.9c too.

    Closing in the high 5's is a good start, as we're back above the 5.6/5.7 resistance level. Back above 6's and I might show signs of optimism.

    This Vale deal looks interesting and is certainly good at the "medium macro" level (at the macro macro level I still worry about iron falling away due to oversupply and possible China contraction. I am far more bullish in copper due to supply issues even if the world goes economically down the toilet).

    For me the news of the week was an intended completion date for the mining plan.
 
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