AVL australian vanadium limited

compare the diagram, page-4

  1. 1,580 Posts.
    Mitis,

    You said "...pls elaborate", about what I said:


    I said:

    "now that they are drilling - support should start to build. i have a sneaking suspision those who wanted out are out.... you know what that means. "

    Like you said - who would sell now??

    My theory is that those who got shares in YRR in exchange for their shares in CABE or AUL etc, may have needed the cash, as lets face it - they would have had their wait as well....

    My theory is also that some bigger players have recently possibly bought in on a downward accumulation pattern, picking up very cheap shares from those who needed the cash. Only theory, going by the buys and sells.

    If you are a big player with a big wallett, and wanted a slice of YRR, you would try to do it cheap, not buy it up to a buck ...until.... you had the holding you wanted. If you had enough stock already, you could buy this up to 70 cents and still average out at .30 cents or less.

    I can see a substantial deal in the very near future on the V-ground, having again read the last announcement (I liked it). Have another look at it - It is basically spelt out: "We will drill up the resource, bring a big brother on board and get rich from the V resource"

    I can simply only see this go up from here - but it depends on how patient the accumulators are, and how many holders still need cash. By the looks, it is all over for the sellers. It's a buy - but we need good drill results.


    Have I elaborated enough? :-)



 
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0.8¢
Change
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Mkt cap ! $69.07M
Open High Low Value Volume
0.8¢ 0.9¢ 0.8¢ $77.18K 9.644M

Buyers (Bids)

No. Vol. Price($)
78 26043334 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 6686265 14
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