The guy is spot on. I'm beginning to wonder if the market should...

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eshmun

12,259 Posts.

3833

10/08/17

20:38

Post #: 26427987
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Originally posted by Thirdman3 ↑

The asset is the only one AVZ hold and it is in DRC.

SO in one of the world's most corrupt and fragile countries? So what you will cry ?
Take a look at big brother on steroids , Nigeria and the oil fields there. They lose more to steeling than produce !
Then think again ? As a European investor I have had a good look at lithium companies worldwide.
I trust South America more than any African country to govern in an appropriate way.

All of the plays in African Lithium on AIM in London spiked and fell back.

Costs of plant, may well rise after quotes submitted lol
Labour force's across Africa , unless Chinese workers are brought in, often experience strikes as the villagers want more of the profit.
General government support can be found wanting.
Transport costs from Africa to China to add, so it had better be a big mine with very cheap capex and opex ? then when the profits get announced expect the workers to down tools.

I am not invested here and have been reading about AVZ who do have a good Bod, but they are not on ground working the extraction, it is local villagers.

Enjoy the fun but seriously seriously watch the gap and watch out for stand African working practise's coming in to play.

Hmmmm, I also read you had a licence challenge. This one you win, but someone is gunning for that land as always in Africa. Greed greed greed is always the downfall.

Watch out for government involvement soon enough, just like Tansania, Mozambeque, Zimbabwe, S Africa etc etc the list of scuppered great mines is endless.

Enjoy the fun.

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The guy is spot on.

I'm beginning to wonder if the market should be made off limits to the sort of punters that bet their pay cheques away, $50 at a time, over the weekend footy results.

He's absolutely right about Africa and greed. Seems the greed is also thriving down under.

Greed will always get you what you deserve in the markets. Esh

AVZ Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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