AVO 0.00% $3.30 avoca resources limited

manipulated or quiet accumulation

  1. 203 Posts.
    One cannot but notice that despite all the good fundamental news, AVO sp has become detached from normal behavoir and market movements. This leads me to speculate that someone appears to be manipulating the sp between A$1.80 and A$2.15. Obviously, given the current trend of the gold price, which will soon breach U$1,000 per fine ounce, and AVO's full scale production due later this year, the sp will not stay at A$1.90 or thereabouts. A more realistic valuation would be looking at A$3.00 and upwards. So, two things could be happening: someone, or an organization, is building up their position in AVO at currently cheap prices; or, a company is quietly building a position getting ready to launch a takeover as AVO reaches production and all the hard work has been successfully done. Any thoughts on this out there folks? Or, am I just guilty of fanciful and conspiratorial thoughts?
 
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