a break through? Still impressive buying strength.
Sales to 59 cents when a technical fall back could be expected - buying fatigue?
Suggests to me that there are numbers of parties keen to become holders.
Up to this stage one party usually dictated terms.
Nosurprises and Kwehrend comments look close to the mark.
Previously when AVM was in the 30's and afterwards in the mid 40's suggested that a rapid accent to about 60 cents would be a reasonable expectation.
Gives a certain symmetry to chart.
Also suggested 60 cents would be a resistance - needs to be overcome - When a break through 60 cents happens the resulting surge in share price could be dramatic. - Little resistance, plenty of blue sky!
Not inclined to change my mind at the moment.
Now AVM is still priced conservatively.
Not fully priced ---------
* for post Stage 2 profits --
* for increasing proved reserves.
* for calibre and track record of management.
* for future expansion - new mines etc.
* etc. etc . (Add to this list yourself).
All this at a time that "Other Metals" are forecast to be outstanding performers next 12 months.
That resource stocks undershoot and overshoot. (I'd like to see Anvil share price "overshoot".)
Wouldn't be so brave to announce large total of selling offers at 60 cents is a cap.
Could be?
But could be so easily taken out too!
There is a paucity of selling offers after 60 cents!
Suggests no capping in place.
Several possible catalysts to improving AVM share price on the way.
State of buying suggests the break through of 60 cents resistance might come soon.
Gentlemen!
Place all bets!!
Cheers,
NT
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