lecram wrote: "AVB's movement is really simple to explain the market is starting to take notice as AVB is getting more and more derisked especially with enough cash in the bank to get the stage 1 up and running....." Agreed. Markets have been sitting back for 2 years now watching all these tiddlers with grand plans, but unprepared to ascribe blue sky hopes to any of them.
Mr market is very cautious on Aussie resources this last 2 years but as the wheat gets sorted from the chaff stock prices will respond.
Will AVB be successful long term? Who knows? What we do know - as lecram has just said - they are cashed up and done a lot of the heavy lifting. They are on their way, and naturally, those who have been watching (fundies + others) are starting to dip their toe into the water. I imagine their should be a slow steady rise from here....lots of scrip to churn through at each bip...but a rise none the less....in my opinion.
Whether in the long run AVB have what the drilling infers they have, is a discussion for another day, but a day quite some time in the future from here....when mining of Stage 1 and beyond happens.
For now, I believe the re-rating of your stock has begun and that augurs well for a positive period ahead. Enjoy!
AVB Price at posting:
8.1¢ Sentiment: None Disclosure: Not Held
