Until the last drilling result the price drifing down from a high of 13.5c to 9.5c. (A drop of 4c because of no news). Then when we got news we have dropped another 1.2c to 8.3c. A total drop of 5.5c or 40%. IMO the punishment to the price doesn't truly reflect one bad drill hole. A price of 8.2c would see us back before the start of the two good drilling annoucements (11/09 & 24/10). IMO the market has way over reacted and I can see the price taking back some of that 4c drift and AVB heading back to the 9.5c to 10.0c "departure lounge" waiting for a better annoucement.
AVB Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held