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AVB - Avanco Resources

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I think we could see AVB bounce back from here.. a bit of a turn around this morning.. I have started picking up around 13c.. I am hoping this turns into another sandfire.. If the director hadnt sold stock I think this would be more like 30c now.. he probably had some school fees to pay..
 
that's a shame, avanco should come before school fees!

the company's released information on the annual general meeting and the acquisition of the nickel platinum project... share price spike on Monday?
 
I undertstand the sell off was for Tax Obligations and "Portfolio Balancing"

Given the big upside potential in AVB and current drilling, I wonder what other companies this particular director has in play? obviously ones with larger potential?

Time for some google searching?
 
MEGALADON said:
...

Given the big upside potential in AVB and current drilling

...
Click to expand...

was not aware they are currently drilling

note the recent sp action was a response to the recently completed and fully reported 2,000m drilling program at rio verde - no more assay results are due to be reported from that drilling program

they are currently in the process of planning a 10,000m follow-up drilling program, expect more news on that in the qrtly report either today or monday
 
depending on if the resolutions are passsed or not on the annual general meeting nov 30, would it be expected to have a significant impact on the sp?
 
trading halt for capital???

what is going on?

share price spike up or decrease on monday? Too late to do anything now anyway!
 
avanco has been going very well at the beginning, but lately it's been going down the pooper! im ashamed to say that i invested a huge amount into this company, and it has yet to pay off! what could they possibly be doing that will take so long to achieve?!!! it has been quite mentally unsettling knowing that i am losing money everyday, and i need some kind of reassurance! i bought at 18c and since then its been nothing but destruction

help...anyone?
 
I just bought a few more. There was always going to be a gap between announcments, with the major drill program announced last week, a popular capital rasing for sofisticated investors at 10c. Share price was always going to drop back a bit. The drill program ramps up next year, and with some positive results, SP will take off again.
 
You gave me a glimpse of hope
But why is it that there will always be a minor drop after the massive rise? And what did you mean about the 10c shares?
Are you sure that things will pick up next year for sure?
 
There was a capital raising for sophisticated investors at 10c, which is now all finalised.
One can never be sure is things will pick up or not, need to run with alerts and stop losses to minimise losses.

Also the Dillers and Diggers newsletter will have an influence on the share price, as after their recommendation to buy it took off. At some point they will give a sell suggestion and it will drop in price (LYC was reccomended a sell recently and dropped 30% in 2 weeks, but has since recovered most of it). If you are not subscribed, recommend the $89 as you can gain/lose much more as they have a following which influences these small caps.

Off course this is only my opinion
 
cosmick said:
You gave me a glimpse of hope
But why is it that there will always be a minor drop after the massive rise? And what did you mean about the 10c shares?
Are you sure that things will pick up next year for sure?
Click to expand...

I can't believe I can see some posts back on AVB. Thought people had forgotten about this stock. Cosmick, you should go check out hotcopper for avb and it should reassure you, as it did me, that AVB will pick up a lot next year. There's so many things holders are waiting for, when they come into play, SP has to rise.

For 1), they have the long awaited JORC not released yet,

2) another a deal with major company Vale on the way for drilling, this will have major impact on the SP and has been has earlier been promised to be by the end of this year, but we'll see what happens as this isn't Vale's priority

3) because they started their 50,000m drilling programme, results are expected soon (2-3 months, shorter if lucky) and going by previous results, the results are going to be good! Once good results are released (again), SP will have to rise because this will simply cement people's "opinions" on how good a company AVB is

4) The price of copper is on the rise, and once AVB starts producing holders will be laughing, which is estimated 12 months, probably the biggest wait out of all things expected.

The SP right now has fallen back down like the previous poster said due to the cap raising at 10c, BUT, the fact that the SP has not hit 10c since the cap raising is a very strong signal for AVB.

Ultimately, if you wait, long term, next year it will pick up significantly. If you're hungry short time, you're probably going to lose the money you invested because there doesn't seem to be much happening ATM.

Price prediction by a lot of experienced investors is $1 by end next year. It will be worth the wait, even if it falls short of that target.
 

Hang in there Cosmic. This stock has potential, good support at 0.13, and trying to push higher, just need some news now, but from the looks of things , the selling has slowed to a crawl.

You gotta be careful when trading these Micro stocks, They can be very good to trade at times, but you need to do your homework first, and be 'In the Stock' before it takes off. If, however you miss the 'Take off', be patient and wait for the volitility to settle down. And don't buy what you can't afford to lose. I only ever use 2% of my trading capital on these little guys.
 
2011 - the year of the avanco

up strongly today

extensive drilling program underway

news expected this month/this quarter incls: drill results; resource upgrade; trial mining licence for Antas Sth; new economic study for Antas Sth; decision on potential cu dso; high quality copper project acquisitions; drilling permission for trinidade nth

to name a few

2011
 
cosmic almost covered your loss, at 17c now, its running quite fast. time to hold on tight it could be a rollercoaster of a ride!
 
I had a grands worth @ 16.8c and yesterday when it peaked at 18c I decided to cash in and buy back at like 13-14c where it's been sitting for the past few months since the October peak when the project began. I think that will be the safe spot. It's not gotten over 17c in 3 or so months. It's hard to read as it could turnaround 4 cents in a day as we've seen.
 
warthogjump said:
cosmic almost covered your loss, at 17c now, its running quite fast. time to hold on tight it could be a rollercoaster of a ride!
Click to expand...

thats wonderful news! i've been waiting so long for this day, my heart was beating so fast when i saw the number!
however, as you said, a rollercoaster is coming our way!
no rush, anyway, i can wait the year when it might come close to $1...now thats a return no one can say no to!!!
one of the great joys of life: watching your money growing without lifting a finger
 
A few 'Nervous Nellies' in there today, not to worry the overall market was down. I think the key point of today is a Close @ 0.165, half a cent higher than the 0.16 'High' in mid November. Should be looking for some price compression tomorrow or a reversal, depends on the market and the sector.
 
I think without any signifficant announcement from the company, the safe buy in price would be around the 14c mark. The sweet sell price would be between 18 - 20c if it gets that high however the usuall turnaround is abour 18c. Hopefully they will make a new announcement soon with new drilling and good copper findings could push the price up some more.
 
another close at 16.5 today, which I'm quite happy with. After the spurge to 18c high the other day, I was either expecting a positive announcement or the sp to drop back strongly to the 13-14c range without news. We didn't get the news, but found support at 16c, which is good news of itself.

One positive announcement, which could come at anytime from tomorrow to a couple months, will send avb flying if it's still holding around the 16c mark. T

I would imagine that although a positive announcement will skyrocket the sp, there will be significant profit takers (probably because so many buyers the other day looking for a short term profitable speculative stock) and the sell side could build up dropping the price a little again.

imo, i would sell some stock in avb when the next +ve ann is issued, make a profit and buy back in later when the price drops and the short termers have taken their profits.
 
Managed to pick up a speeding ticket the other day too. Holding well today, fell into the 0.155 as the market sank, but turned around as the market pushed into the positive.
 
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