Kingkev mate the price the majors paid is irrelevant. I will use the example of LYC -price been falling for 2 years, recently raised $175 million mostly from insto's @ 75c in nov 2012. The price yesterday 27c ! The fact it is down so low is due to a sustained shorting attack by those very same institutions who can push the price as low as they like to get shares cheaply from weaker hands . They make money on the way down and back up. They will eventually push it back up but only when they want it to go up. MW commented on the fact Avb being shorted - my thoughts it's probably by BR and accordingly we could end up at 2c if they choose to push the SP down there. They buy enough shares at 7.5 c so as to be able to trade amongst their related entities and scoop up cheaper shares from weak hands - nervous nellies , geared day traders, people who need to sell - house deposit, tax - whatever. My lyc investment has taught me a lot about this game- they have MC of $580 mill, an operational mine, crushing plant, logistics,industry leader running the co, 2 plants in start up mode , a 12 year tax exemption, have spent $1.3 billion and very shortly will be making a profit . What do we have with avb? Currently hopes and dreams - i got float stock in 2007 so I've been dreaming for a while ,especially since I missed the avbob due to a$1000 cheque going missing - grrrrr. We have MC $88 million and a deposit, other prospects and a plan. We might get there , personally I think we will , but if anyone thinks it's going to be a quick stag profit , I think you're way wrong and if you need to sell before the plant is built and commissioned , most likely it will be at the wrong time , so be careful.
AVB Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
