Had a good read through the yearly financials. Revenue up 112%...

Had a good read through the yearly financials. Revenue up 112% and more importantly net profit up 455%. AVO has forecast production to be around 280,000 ounces next year, with eyes on 400,000 ounces by 2013.

As noted in my other post I bought in the day before yesterday and was surprised not to see some more buyers yesterday in anticipation of the financials coming out. That will change tomorrow I am sure. What a stunning result for AVO.

Was initially looking at this stock as a medium term play, but will now have to consider this as a legitimate long term play.

Looking at the technicals AVO has broken the $2.93 level where there was some resistance. Short term target $3.50, and medium term target $4.50.