Anyone following AVZ on a daily basis, would clearly have noticed the unique trading pattern that emerged from this mornings opening. Most trades going through at 4.5c on good volume, and nobody dumping into 4.4c.
The question is who is selling into 4.5c and why? Could it be someone cross trading shares from the Dax to an account in the US, might be an entity/insto. selectively mimicking the LIT ETF.
In any event being on the LIT ETF has certainly made AVZ known to a broader audience. How amazing is that, we didn't have to pay a PR firm to spruik the company to cynical investors on the roadshow circuit.
GLTA
Do not rely on my opinions/throughts or figures, Do your own research.
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