Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

This is Africa, page-2

First 2 Last

Share
Profile

Follow
eztrang

3,952 Posts.

253

02/10/23

16:33

Post #: 70133471
Share

Originally posted by eztrang: ↑

In recent months, the phrase “This is Africa” has become a viral meme shared among retail investors as an increasing number of ASX-listed mining companies fall victim to African sovereign risk.The meme, a picture of Leonardo Di Caprio from the film Blood Diamond and captioned with the phrase “This is Africa”, has come to describe all the risks and uncertainties of doing business in the untamed plains and jungles of the African continent.

For investors caught in AVZ Minerals, a Congo lithium miner, watching Leo Lithium must feel like they’re watching a movie they’ve seen before. Infamously, shares in AVZ Minerals fell 20 per cent in May 2022 after the Democratic Republic of Congo government effectively sold from under them their mining rights to one of the world’s largest lithium deposits to a Chinese company.Shares were suspended from trading, with the company anticipating reinstatement later that month. Now, 15 months later, the shares remain suspended from trading, and with them many trapped investors.

This is africa

Expand

From yesterday's Sydney Morning Herald.

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 66 more messages in this thread...

First 2 Last

Add AVZ (ASX) to my watchlist