AVZ 0.00% 78.0¢ avz minerals limited

Running Commentary on the SP Movements., page-1519

  1. 1,473 Posts.
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    YEAH!!! Made my first Disallowed! Got in at 2.2c and still holding strong! Amazing ride this one!

    Getting a bit "scared" about all the talk regarding 50c, 1$ and even 2$. My target was to Disallowed which I have now reached... So what is next. Based on my (admittedly conservative) calculations 30c would be a reasonable price for a TO given the amount that will need to be spend on general infrastructure in the DRC. Of course the 30% stake of the DRC in AVZ should cater for that but no clue how that works in the DRC.

    Anyway, let see 25c first. Seems that may actually be this week! WOW! After that I will have to reevaluate. Guess I will hold until 30c for sure. Beyond that I am just not sure. Maybe keep the share but with a tight stop-loss or so... May also sell 50% of my shares to secure some of my now virtual wealth.

    Anyway, many thanks to ML who pointed me in the direction of this share in February!
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