The definitive SPECULATIVE post on AVM $$$ After the successful $520 million exit of Norsemont into Hudbay minerals and turning Prescient mining into what we now call Aurora Cannabis which is a $5 billion market cap company (with a B) trading at $10.80 per share, I am MORE than comfortable investing in Avarone Metals ($AVM) and believe Marc Levy can score a HAT-TRICK!. I believe the downside risk is more than minimal from current levels, the most I believe it can go is from .09 to .05 but the upside is tremendous.
A solid deal announcement or material news juxtaposed with the current CEO's track record and $1 is not unreasonable. If we see an offshoot of ACB (perhaps Aurora International?) then 5$ at current float is also not outside realm of possibility.
As of now there are 3 clues that are undeniable;
(1) the uptick in volume
(2) big blocks of shares bought in the range of .07 to .10 and are still under accumulation and
(3) the fact that in SEDAR filings the company contact email is now that of Marc's Mosam Ventures a private entity whose current focus according to his linkedin profile is "the Cannabis and Blockchain / Crypto Currency sectors."
Where there is smoke, there is fire and I think at these sub .10 levels this can turn out to be a life changing trade for those who are able to build big positions here. The stock might stay a bit dormant for weeks or a month or so but that's going to be one of the few windows of opportunity on offer IMO. Cheers!