AVB - Avanco Resources

[Ruprect]

"now up a little and running at 19.5! anyone any idea how high they could go??"

Now that is anyones guess! Having sold out of most of my options earlier, im sitting on the sidelines waiting for another opportunity. That may end up being wise or very very foolish!

Im trying to get a handle on what is going on. Is the music going to stop when all the traders exit? There have been some massive buy orders going through over the last 3 days, like in the millions at a time. Is that someone picking up for a portfolio or another company? Or is it just traders playing with the stock?

I still think traders, but they have been playing with it longer than i would have expected. Nevertheless, still at least another two announcements this year, more assay results and a decision whether to mine. There could be more upside if both those are positive. It has trader interest anyway so if they are involved, expect them to play again.

 

[happytown]

Hi Happytown.
AVBOB has tranformed my year.
Im surprised at the lack of chatter on this one.

hey STRAT

when you think about it, with the inceased interest in cu of late and the previous results from the hi-grade zone from avb, was surprised virtually everyone had ignored it - still that enabled some to load up around .02

you've had a nicer ride on the oppies, well done

 

[Hurley18]

Is it still worth jumping on these bad boys or has the boat left the dock.. can't believe i missed these earlier

 

[noie]

I realized that was a poop response.. nothing is over..
The re rating from the recent sale is done.

Ihe company has some other irons in the fire (pun intended)

RIO VERDE HIGH GRADE COPPER PROJECT (their Main project)

TOURO NICKEL PROJECT

both could produce results.

 

[goldragon]

can be a bright prospect share.

I think it worths more than the current value with all these announcements.. just my .02c

 

[STRAT]

hey STRAT

when you think about it, with the inceased interest in cu of late and the previous results from the hi-grade zone from avb, was surprised virtually everyone had ignored it - still that enabled some to load up around .02

you've had a nicer ride on the oppies, well done

Hi Happytown.
Im pretty much (TA) only but
Bought AVBOB after a tip from a fellow (FA) member on Share Trader at 1c.
Have let some go as we do/must. What goes up so fast can always come down as quick. No body is more surprised than me as to how hard this has run. Never spent so much time lookin at depth day after day in my life. but 15 baggers can be a once in a life time deal for some and never for most so Im counting my lucky stars and doin my best not to blow it.
Potential upgrade in coming weeks could well set it off again but I wouldnt be buying in at these levels. The odds are no longer in our favour I reckon.

I have been rather surprised by the way the options have lagged behind the heads though. EX is 1.5c. I may well convert mine if it continues after the re rate levels out and I still hold when that happens.

 

[neil79]

Be interesting to see where this one goes when they come out of TH. Good news and it's off again. I thought after the last big run it might have retraced a bit to form some support at lower levels. Anyways onwards and upwards from here and very happy to be holding this one long term.

Cheers and good luck to all holders

 

[mr. jeff]

Be interesting to see where this one goes when they come out of TH. Good news and it's off again. I thought after the last big run it might have retraced a bit to form some support at lower levels. Anyways onwards and upwards from here and very happy to be holding this one long term.

Cheers and good luck to all holders

TH - NR:

MORE SPECTACULAR COPPER RESULTS AT RIO VERDE
The Company is very pleased to advise that it has received the outstanding assays for the recently completed 2,000m drilling programme at its Rio Verde Copper Project. The new results continue to support the presence of an exceptionally high grade copper zone and include the spectacular intercept of:
2.05 metres at 42.68% Copper from 49.0 metres.
Further exceptional results returned for the shallow high grade zone are:
ARVD-85 7.25m at 14.26% Copper from 49.75m
Incl. 2.05m at 42.68% Copper from 49.75m
ARVD-86 3.0m at 10.85% Copper from 58.0m
Incl. 1m at 23.6% Copper from 58.0m
ARVD-87 1.0m at 24.5% Copper from 40.6m
ARVD-89 1.3m at 17.98% Copper from 63.0m
ARVD-92 18.0 m at 2.06% Copper from 25.0m
Incl. 3.0m at 6.75% Copper from 39.0m
ARVD-94 42.0m at 1.23% Copper from 13.0m
Incl. 0.65m at 35.88% Copper from 51.35m
ARVD-95 18.0m at 1.77% Copper from 20m
Incl. 2.0m at 4.57% Copper from 30.0m
ARVD-96 2.0m at 6.93% Copper from 46.0m
ARVD-98 12.0m at 1.97% Copper from 24m
Incl. 1.05m at 6.53% Copper from 25.4m
ARVD-102 11.0m at 1.02% Copper 4.0m
Incl. 2.0m at 3.32% Copper from 11.0m

Drilling results clearly demonstrate that the high grade zone extends to over 300m laterally and remains open along strike and at depth. Interpretation also indicates the likely presence of a second as yet undiscovered highly mineralised structure existing to the north of the current high grade zone.
The Company is extremely encouraged by these results and is now planning an aggressive +10,000m follow up drilling programme aimed at further extending and discovering additional high grade copper.

They have come back to $0.16 today, a 20% decline from pre NR enthusiasm I guess.

These results are reasonably interesting.
some of the grades seem to be quite a lot higher than normal.

!

Has anyone got any idea where this leads the company. It seems they have amazing drill results and major further prospects. Possibly very promising.

 

[mr. jeff]

plus this in the Australian today;

Robin Bromby From:The Australian October 12, 2010 12:56PM

"We’ve noted the rare earth stock excitement, but it’s copper that is driving a junior like Avanco Resources. Seven weeks ago you could have picked up this stock for 1.5c – today it went through 20c and in the first two hours of trading there were an astonishing 2200-plus trades. That followed today’s announcement of more results from the company’s Rio Verde project in Brazil, with intersections including 2.05m at 42.68 per cent."

So there you go. Excitement all round. Hope some of you guys actually bought it rather than adding it to your watchlist!

 

[richyrich]

great company but in for a slaying tomorrow i will try to buy back more at 10-12cents if it gets that low,bad timing from director but i guess i would sell also and take my profit-i just hope he dosnt do the same to VOR time will tell good luck all

 

[Nidz]

G'day all. I have seen the sudden spike since new copper project and the jump to 20c or so.. I also see the director has sold off a heap of shares and prices have fallen back to 16c or so.. Anyone have any professional forecasts for what might go on here? I see upcomming projects but has this hit it's peak or is this the start of big things to come?

 

[mr. jeff]

I don't know how this will work out, but I can see that he was obviously waiting for this ann. before shuffling off 15M shares.

the ann.:

13 October 2010
RE: CHANGE OF DIRECTORS INTEREST NOTICE
The Company advises that Mr Matthew Wood has sold 15,790,000 ordinary shares and 1,300,000 1.5 cent options.
The proceeds from the sale of these shares are being used to meet commitments including tax liabilities.
Mr Wood retains a beneficial interest in 15,945,000 ordinary shares and 6,203,000 1.5 cent options, representing 3.11% of the issued capital.
Mr Wood has no intention of selling any further stock, is a founding director and a long term supporter of the Company.

Hope this helps.
If this is a one off sale, then it could be an good opportunity to have a bit of a sniff.

By the way , it should be noted that I am watching only, and that there are much larger volumes per day (See chart) than 15M, so read what you will into this. Also note on the chart that there seems to be a good point of support at $0.15, but then again at 0.10. Current SP is $0.155
Happy hunting.

 

[warthogjump]

On the October 12 release it states that

"The Company also expects to be able to announce news on further acquisitions in the Carajas Province in the coming month."

Could the share price positively spike again on these news?

 

[Nidz]

I see that this current spike will go back down.. I purchased earlier today @ 16.5 but I should have probably waited a little longer for the low point as it's now at 14c.. In any case I hope that the prices will jump again or they find more good copper. I'm counting on it!

 

[UBIQUITOUS]

Well well well. There appears to have been a mass panic caused by one director selling half of his stock. In the same way that the herd panicked to buy in case they missed the boat, then have now panicked in case they get left on board a sinking vessel. All fundamentals have gone out of the window. It's funny to watch. I bought some at 12.5c and may well buy more should the panic continue, although it looks as though it had abated by the end of the day.

 

[dmaleny]

i think people expected pure copper to come out of the ground going to 10 -12 cents short term ?? no reason why it would drop below 20c

 

[warthogjump]

Avanco soaring away to 16c after a close of 13.5 on Friday, without any new good copper news to help it ;p

 

[Nidz]

Fallen still to 11.5c.. I hope they have some good news re the copper drilling. As soon as they hit another hot spot I feel the price will rise once again.. They can go cold quite quickly and then bounce back as fast.

 

[warthogjump]

AVB's definitely gone down hill quite fast! Lots of $$$ down the drain if it doesn't get good news.

How far you think the price can spike on some good news? 20c or more? or lower

 

[Iggy_Pop]

7 cents following the chart should be as low as it goes. Will not see some news for a while so maybe a good opportunity to top up. In my view it will repeat and go over 20c and maybe higher.