AVZ 0.00% 78.0¢ avz minerals limited

The reason for the buying should be obvious. Cant put into words...

  1. 1,809 Posts.
    lightbulb Created with Sketch. 150
    The reason for the buying should be obvious. Cant put into words how much contempt i have for this needless SP capping by the ASX. Because most of the time, capping the SP is the effect of so many of these over zealous ASX price queries - "Ok folks enough buying. You're all having too much fun". Then down she goes.
    The stock is undervalued. The scoping study was widely regarded as a very positive company announcement but there was a massive roadblock between 4-5c that took time to clear. Once we created a gap buyers took over. The buying we hoped for on the day the scoping study news was dropped. There is now renewed appetite for AVZ shares because the company looms as an attractive take over target.

    In 2-3 weeks during July/Aug last year the SP nearly halved. Because????

    But woe betide AVZ for recovering some of that ground because it gave the market some good news. Aaaaaarrrrrgggghhhh
    Last edited by richardz: 31/05/19
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.