Ann: AVZ to raise $15 million to fund further work at Manono, page-77

First 77 Last

Share
Profile

Follow
Kikker1959

10,628 Posts.

4351

26/02/18

10:33

Post #: 31339141
Share

Originally posted by Freehold ↑

Ok so a couple of quick thoughts on this $15m raise.

1. Seems to be a single private investor in the US. So not the usual batch of oz Sofi's who would simply flip and stag a profit. Well it least I don't think so. It is possible that this investor may hang on to the shares. If the investor is already a large holder on the register he/she may attempt to stag a profit which will drive the price back to around 25c in the short term.

2. Not to a investor of the ilk of say a Huayou unfortunately. which is mildly disappointing

3. Appears the recent volatility in world markets has indeed spooked AVZ mgmt into an early raise and the have locked in an insurance policy raise to tide them over just in case things go south. So prudent probably.

4. Plan for drill up and sale appears to still be the one we are working to. As the raise is at the smaller end and no mention of anything past pre-feasibility

5. No mention of 4 the missing drill rigs, where they are and when they are expected to arrive. Can only assume that they are not onsite yet.

6. No debt taken out ?

If we do drop back to 25 I expect it will not be for long given the drilling we are and about to be undertaking

Expand

This time line also shows and backs up the fact that it takes 3-5 years to build a lithium mine. The stories that we mine next year was just pump and dreams.

AVZ Price at posting: 26.8¢ Sentiment: None Disclosure: Not Held
7 Upvote

0 Great analysis

Reply

Top Stories

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

ASX Market Open: Australian market to bump up on record Dow performance and hopes of Fed rate cut

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

AI stocks: What to expect in 2024-25

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

There are more pages in this discussion • 454 more messages in this thread...

First 77 Last

Add AVZ (ASX) to my watchlist

Ann: AVZ to raise $15 million to fund further work at Manono, page-77

Top Stories

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

ASX Market Open: Australian market to bump up on record Dow performance and hopes of Fed rate cut

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

AI stocks: What to expect in 2024-25

Bryah gains $408K government rebate for work on copper target Narracoota

Featured News