Just had a read of the AVL forum.. a lot of holders defending AVL against TMT, makes you wonder the need to defend a stock constantly. The "pump and dump" was called over there by the gatekeeper of AVL.
TMT isn't liquid enough at the moment for a pump and dump and the trend from yesterday doesn't show this.
This has been walked down for the second time over the last month and it's clear they've been fishing for stops on the way down. After watching the spread all day yesterday and being one that bought off the back off the initial uptrending volume, the buying was aggressive up until 63 cents and then dried up. 10% of yesterday's volume was above 63 cents and this would be retail getting over excited from the move.
With further resource drilling being completed at the moment and bulk sample results to be submitted to potential offtake partners i would say that a base has been formed here.
TMT Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
