AVO avoca resources limited

With the Fed Fire Brigade pouring 75 basis point reductions onto...

  1. 203 Posts.
    With the Fed Fire Brigade pouring 75 basis point reductions onto the Stock Market Blaze and the HUI and gold anbd gold stocks all showing strongly bullish hammer candlesticks in their charts, what now is holding AVO back. With US interest rates due for yet a further cut next week gold must be set to romp along towards US$1,000/ounce. However, from looking at AVO you wouldn't think so!

    Is it a possible RBA interest rate rise? Anyone any ideas why AVO is being such a lackluster performer? Even Zinifex with the idiotically low PE of 5 is performing very much better than AVO. So, any sensible advice would be much appreciated! Perhaps because AVO isn't yet a producer?

 
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