AVL 6.25% 1.7¢ australian vanadium limited

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  1. 17,819 Posts.
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    Hi Eric … realising a loss before EOFY can be useful as Ianwill noted
    But EOFY is the time before which the full OFS is due to be released and we are currently priced at a crucial technical ‘low’ line of 1.7c a share
    Theoretically anything under is ‘no man’s land’.
    We’ve been down to 1.4c but is the company heading next to a ‘toes up’ situation?

    Meanwhile the difference on 4 million shares priced at 1.9c rather than 1.7c looks like $8 grand to me … up to $32,000 if the price here gets to 2.5c?
    And google says we are 57.50% down since AVL saw 4c in July last year.

    I guess you have to decide how bored you are and also weigh up the odds of what’s in store here (despite the low vanadium spot prices) and then the safest, fastest way to make up your percentage losses elsewhere
    ….and then go higher still?

    Good luck
 
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