The stock was seriously oversold. It still is with zip stock on issue.
The company has a $13m enterprise value with 5km of known gold strike in the best address in oz.
First round of drilling proves that the gold is there and the grade is high.
Only a fraction of the area has been drilled and its pregnant a lot of drill results.
It proves that when Mr market is asleep, great value can be right under our very noses.
The market is not that interested in emerging gold stocks and the mid tiers thank you. They are buying 10-20% of players at bargain prices.
AVB was 7c and the bid came at 17c equivalent and now some shareholders are moaning its too cheap.
These companies are great value moving forward and they have the cash to get results. dyor
The stock was seriously oversold. It still is with zip stock on...
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Last
72.5¢ |
Change
0.040(5.84%) |
Mkt cap ! $161.9M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 73.0¢ | 69.0¢ | $2.190M | 3.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 33269 | 72.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 47086 | 5 |
View Market Depth
| Last trade - 11.59am 27/11/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |
