AVZ 0.00% 78.0¢ avz minerals limited

Ann: AVZ to raise $15 million to fund further work at Manono, page-259

  1. 7,275 Posts.
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    Let the drills do the talking, we dont need a JORC for the sp to take off.........

    But you sure do need a JORC to sustain it..

    An awful lot of investors bought in for the jackpot in Easter........That has now been moved for a hell of a lot longer, not the greatest of moves but now done.....

    Moving goalposts is common, moving them this much is not as common, i can see the disappointment in todays ann and i feel management have been a little sneaky to say the least....

    Low ball offers i think will be the go in a few months, just enough to cover all the incentive shares that now are out there...

    Now a traders dream and a holders frustration......

    Dilution around 22c today(taking options into acc) was a move in getting shares allocated so when voting rights come in guess what, us guys dont have a say, buying the votes is all to common at this end(you do me a favour an ill do you one)

    A trading range of 23c-32c for the next 3 months looks a given, the drill bit cannot say much better so the up turn is only in the jorc.....Thats a long way off and low ball offers will be the go.....imho
 
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