AVB 0.00% 16.5¢ avanco resources limited

kingswood is right, $0.17-5 today is a real stretch given the...

  1. 122 Posts.
    kingswood is right, $0.17-5 today is a real stretch given the inflation data and general sentiment towards commodities right now.

    However, I think if a big buyer came in and started taking big chunks of $0.165, then the herd will most likely follow. With a good night in the US overnight, then it will open at $0.17 on Monday I think.

    I don't think a '4th ace' is possible for Monday, but the theory the company usually gets drilling over the weekend/Monday and then announces Tuesday/Wednesday is very likely to pan out I think.

    All up, $0.17 is still probably fair value.




 
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