Why sell!? One reason is that AVZ is becoming a very large part of my share portfolio (about 1/3 now). So maybe time I take some profit. But not before the 30c level.
Also some of the "ramping" here reminds me of what I saw at other stocks, e.g. PLS. In 2016 at 80c people were also talking about 2$, 5$ etc. etc. only to see it go down to 35c in the next 12 months. Until 30c I feel completely safe with this stock. But beyond that it is at least time to put a stop-loss in. Probably also sensible to take some profit. But will have to see how things are developing. This run up can not be sustained without any news, so much is clear. So before we get to 30c we will get some news. Then I can evaluate whether to hold or partly sell.
FWIW my 30c calculation is based on a 4mtpa production, a 10mtpa production could be worth $1 but that is clearly a "risked" price. Anyway lets see the news to get some clarity on what is really going on behind the scenes.
- Forums
- ASX - By Stock
- Running Commentary on the SP Movements.
Why sell!? One reason is that AVZ is becoming a very large part...
-
-
- There are more pages in this discussion • 17,026 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online