AVZ (ASX) Ann: AVZ hits 282.95m of spodumene bearing pegmatite at Manono

Originally posted by nbbirch ↑

I know I will get shot down by all the emotional posters here but honestly the only way forward from here is to get rid of the current board of directors!
We need to get serious about building a mine. The current BOD have done a great job in finding this resource but their job is over, it's time to get serious and bring in the heavy weights. We need guys who have the experience and expertise to take this to production. The Chinese know that the current management are only concerned with receiving a TO offer and they will continually play with and push the price down until it's at a level they are happy with. The only way we force their hand is to show them we are willing to go all the way with or without them. The latest (pathetic) tactic of raising to North American investors has not done anything but cripple the SP. ML and various posters on here say it's great we don't have any offtake agreements yet but I say that's rubbish! We need some big binding offtakes and serious funding arrangements to move this along. I realise they will only come after we have a JORC resource but seriously it has taken too long already and investors are sick of putting up with incompetence, another reason the SP is plummeting. I'm no expert but I have worked in Africa for quite a few years and it doesn't take this long to get your equipment in and out, if you want something bad enough and are prepared to pay for it then you may wait a couple of weeks NOT months. I'm a fan of ML like most others but believe me the Chinese would not be telling him half of what they are thinking, it is after all just business. All my opinion

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I agree we need to move forward with a binding offtake agreement to get the SP moving. Takeover speculations have been done to death with nothing eventuating and IMO thats one reason people are moving on. The other is that we've been hyped up massively WRT the size of the resource and rightly so (but unfortunately I think it was all a little too early) and I think the mammoth resource size was somewhat baked in to the SP. Continual delays with drill rigs didn't help and investors moved on. Dow correction and bogus lithium oversupply fears didn't help, but there's a reason today's announcement hasn't put a rocket up the SP. We need something big to get this thing to full potential, binding offtake, JV to take it to mining. Until then I think we'll move sideways gusting upwards with assays. All that said I'm here for the long run. All IMO