Nice close at 2.75 on the back of REE news ... I wouldn't be surprised if someone made a move for Avalon at these prices. Potential candidates:
- Chinese companies looking for resources outside quota controlled China
- End user looking to lock up supply
- Hedge funds reducing exposure to financials and looking for hard assets
Just one of those hunches. At these prices, AVL is vulnerable ... which is why I am still holding.
GT