They trade over Christmas. The Jews, Japanese & Chinese don't...

They trade over Christmas. The Jews, Japanese & Chinese don't stop for Christmas.

Looks like the ASX will open up.

It appears that AVL hasn't had over half its options converted. That's a two million dollar shortfall. For a small company that's a huge smack down. That's the market telling you that AVL is valued at less than 2.0c. With the last trade of AVL at 1.9c the chances of AVL trading at or above 2.0c are slim to none.

AVL is most likely to fall today. I wouldn't rule 1.5c out as that's less than a 25% drop, which is quite possible in this situation. As others have mentioned 1.0c or lower is looking likely. If it gets there, and how fast it moves in that direction is anyone's guess.