Finally, stupid Instinet stopped/finished selling,
top net buys are all from Institutions!!!
top net sells are all from the retails!!!
I guess lots of weak hands got out during last few days, bye.
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1. Director buy doesn't mean share price is goint to head north, i.e. FLN, directors kept buying since share price $1, now share price is halved.
2. Director sell doesn't mean share price is going to drop, i.e
A2M CEO, kept selling since share price was 72c, but today A2M share price is standing $7/share.
The fundamentals, i.e lithium resource will determine AVZ's share price.
+10km strike length, 3 out of the 7 holes returned over 200m thickness high grade lithium and tin by product.
Exploration target: 1Bt - 1.2Bt @ 1.25% - 1.5% Li2O.
KDR's Earl Grey deposit of 128Mt @1.44% is defined within
1.4km strike length x 900 width x 70m average thickness.
AVZ's Manono porject, +10km strike length x 400m x 150-200m thickness? around 7 times of Earl Grey deposit.
DYOR.
These 7 holes were only drilled to 138-351m, and
lithium are all open to depth!
Upcoming drilling, some will drill into about 440m, we may get surprising results.
Direct quotes from USGS reports:
"
A report by Barzin, Managing Director of Geomines, states that the pegmatites are both 5.5 km long and average 400 metres wide (Barzin, 1952). The pegmatite sills have been proven to a depth of 125 metres by drilling. A calculation using these dimensions shows that re sources are enormous. The pegmatites of Manono and Kitotolo probably represent the
largest spodumene resource in the world."
"The largest known lithium-containing pegmatites occur in the vicinity of Manono."
"Manono pegmatites is not a speculative resource."
https://hotcopper.com.au/posts/30101744/single
Currently China 6% spodumene price is USD$1,200/ton, AVZ's Manono's will be very low impurities, should attract higher price.
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