Avocet Mining – Key week ahead

UPDATE – 25 MAR 2013 – Well the flag has been well and truly broken to the upside. Let’s see how long it takes to reach 30p…

And so it’s a key week ahead for shareholders in Avocet Mining (including ourselves). The valuation story has been done extensively in the last edition of our magazine and on the blog tabs on the right and now we wait for the results of the hedge re-financing. The chart below pressages a 15p move on the break of the wedge (being the height of it) and so it looks like its either 3p or 34p is on the cards in the months ahead. I for one am hoping for 34p!!