AVL 4.00% 1.2¢ australian vanadium limited

Bots in Action, page-103

  1. 6,289 Posts.
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    Thanks for that.  Appreciated.  Would appear that BTIG was selling heads to buy the oppies from CMC (with I presume each oppie been bought at a 0.2cents discount to the heads price over the period sonice return for BTIG if intend to hold the heads after conversion long term).  Who was the aggressor is probably unknown, but both having different strategies inadvertenly caused the SP to drift south, but obvious BTIG saw the opportunity.  Lets hope CMC has done all its selling on oppies and for BTIG I presume they will now be wanting the SP to head north if they can't pick up any more oppies.  It boils down to how many oppies are left for sale.  Come January things will pick up here again in any event, but the next week or two is uncertain unless of course get a surprise Offtake Agreement announcement etc. All IMO
 
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