re: on the move? - correction
Just a correction to last post -------
""Shares were being snapped up at 50 cents. Buyer/s were offering 50 cents over listed bid/s of 43 cents; then 41 cents""
The "50 cents" should read --- $45 cents!
Make sense now?
Mind you 50 cents tomorrow would be nice. But point being made is that institution would not be snapping up AVM at 45 cents (two cents higher than listed bids) if they did not believe AVM was undervalued at this price.
Point being made also is that acutual profits (not future) seems to be required to lift share price significantly.
Also actual announcements of intentions - about what we know is planned ( Gecamine agreement, confirmed greater depth of ore at Dikulushi, drilling results analysis leading to proposed new mune)-- will be likely to stimulate buying at closer to valuation levels.
Valuation levels being 66 cents share according to Haywood. Verging on significant increase in valuation on the heels of any one of expected announcements.
Cheers
NT
AVM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
