Avion Gold pushing higher insiders accumulate

Posted by: kingscorpion

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kingscorpion
Updated on November 9/09 Insiders are starting to accumulate. So far 1.2 million of shares have been recently accumulated by the company insiders Tomorrow Nov 19 they report on their Q4 results My best guestimate is that they will have a .01 c profit and the stock should move higher. I ve mentioned in my previous blog that Avion technical chart is still showing a golden cross pattern which simply means the short term moving averages have left the 200 day (long term)moving average in the dust which is a very bullish indication that the stock is going higher. As recent as few days ago close to 7 million shares traded hands The company's visibility is growing and the institutions are starting to notice  Perhaps they will list the company on TSX in coming years which will boost their reach. The company said they will produce 50000 ounces of gold for the year and yet as recent as last month their monthly production was up in excess of 7500 ounces of gold. I believe Avion gold will produce more then  their estimate  in the coming months/years and the share price will over shoot the target price of .70c given by Cannacord Adams analyst about 6 months ago. Once the stock price over shoots the target price the analyst should come and move his target price up, in my opinion based on technicals,current and as well as future prospects to around $1.50
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