AVB
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0.00% 16.5¢ avanco resources limited

Until the last drilling result the price drifing down from a...

  1. Awoonga
    6,689 Posts.
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    07/12/12
    10:27
    Post #: 11159167
    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
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    lightbulb Created with Sketch.  Great analysis
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