Global markets are being punished by the US...as usual scaring the daylights out of the world bourses. AVM is struggling big time even though copper is still above $3 and if copper stays above $3 for June will provide AVM with the best quarter on record.
This correction is huge! A lot of markets are near the lowest for the year wiping out all the first half of the year, not sure but this looks like a massive correction and you would think value markets extremely fairly and present great buying oppurtunites. Fundamentals havent changed for base metals iparticluar copper, nickel and zinc.
So hopefully the markets have priced in the .25 interest rate rise at the end of the month for the US and come the 29th of June that the markets dont wake up and go..."oh no run for cover the world is caving in the US have increased rates again to curb inflation we must be doomed!"
Anyhow AVM really needs to bring out some results this month before the quartley otherwise its the same old story as last year 2 steps forward 1 step back. We need some protection has we always get hit the hardest of any copper stock.
K
K
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
