AVM 4.00% 2.6¢ advance metals limited

steady - ready?

  1. NT
    1,708 Posts.
    Buyer at 64 cents had its day.
    Buyer at 62 cents appears to be satiated - or on hold for Christmas festivities.
    Price slightly weaker.

    The usual dribble of selling.

    Have previously suggested that 60 cents would be a "hurdle" which needed to be overcome.
    So far so good.
    Actually held above this figure.
    Assuming no set backs will tend to stay above 60 cents.

    Lots of positive developments on the go.
    These will consumate in their own time.
    Impatiently we expect greater expediency - Unrealistically!

    Management must relish being in a strong financial position with latest fund raising.
    Able to actuall DO things now.
    Will be financially circumspect as always.

    The next wave up????
    Flats was probably very close to the mark when suggesting that proving/upgrading resources will be the key.
    Institutions will have something to "bank on" then and will push the price accordingly.

    Miningnut indicated an announcement was due this week that could push the share price to 70 cents.
    Miningnut is usually close to the mark in his indications -timing may be out?

    The upgrade of resources at greater depth at Dikulushi must be announced soon.
    Overdue?
    Hopefully will be good news and as such will add to share price.
    As will increasing profits after overburden has been removed.
    Tis a strange development . Have thought management may actually/also be doing preliminary works in preparation for Stage 3.

    Sorry to bore those who follow but -----
    Patience will be rewarded!
    Eventually.

    Early 05 might be the "immediate" now.
    Mid 05 for a reasonable expectation of 80 cent plus share price.
    With POSSIBLE spike towards $1.20. (remember your guess is as good as --)

    Cheers,

    NT
 
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2.6¢
Change
0.001(4.00%)
Mkt cap ! $3.521M
Open High Low Value Volume
2.6¢ 2.6¢ 2.5¢ $40.61K 1.603M

Buyers (Bids)

No. Vol. Price($)
3 153910 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 183084 1
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Last trade - 15.55pm 27/06/2024 (20 minute delay) ?
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