Club Mulgoa

Tuesday, September 28, 2010

AVB

I sold 100000 AVB shares to contribute to the purchase of 200000 AVBOB. AVB has only reported half of their recent drilling results; the rest pending assay reports from the lab.

Today, it rockets upwards again because Vale (3rd biggest mining company in the world) is paying it an "advance fee" for the rights to Fe ore in its neighbouring tenement.

Wait till the next lot of results come out! AVB has already hinted it is thick with copper. And from soil sampling, the other anomaly and tenements are expected to have good grade of copper, too. Don't believe the board? Not surprised after being burnt by CDU! But one bad outcome does not mean every company board is unreliable.

This company is my current star performer. Buying prices: ABVOB at 5.3c (last week) and ABV at 2 and 2.1c (within 2 months). The parcel I bought at 4.9c has been sold at 7.4c. Currently, AVB at 8.5c and AVBOB at 6.5c. Why bother giving anaesthetics?! For humanity/intellectual challenge and to be spoilt by lovely nurses, of course..... It is true because investment intellectual challenge is trivial compared to medicine.

Incidentally, 6ULDV8 (a person who posts in Hotcopper) also recommended MMR, AFR, NSE, MNC and GDY.

Of course, market can fall. But all things being equal, it is much easier to earn from the ASX :-)

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