Avion Gold Corp AVGCF

RE: RE: RE: RE: Price target

[europe10]

"1.35 is a stupid estimate....."
The estimate is far from stupid, though maybe too conservative. I sold all my Avion today after a nice run being in the stock for about a year. Simply locking in the profits as I fear there is a hype in gold, and I am (was) overexposed.
Technically it is not yet overbought, might run to the low 1.30's
Still, if gold prices stay at current levels, stock markets do not collapse, and AVR does not run into any trouble at the corporate level or country level (many if's here!) the stock should be trading anywhere from 2-5 dollars in 18-24 months time.
If we get  the pullback I expect I'll be back again but with less shares