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AVZ

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78.0¢ avz minerals limited

Ann: AVZ hits 282.95m of spodumene bearing pegmatite at Manono, page-137

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mattyedw

7,276 Posts.

945

06/03/18

14:50

Post #: 31561021
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Originally posted by Wombat2 ↑

Theaviator84

Mate before you make remarks like this
'

I just think it's going to take more than just great drilling results to get to the elusive re-rate"

Please educate yourself and look at any other hard rock deposit in the world and you will find that the average thickness of their deposits is less than a third as thick as our deposit has shown to be so far and this is at two pegmatites not just one pegmatite. The average Li grade is around 1.5% which is 20% more than say PLS for instance but roughly in line with KDR which is unusually high.

It will take more drilling and importantly assay results to underpin and grow the AVZ SP but with the historical records from the Belgian's 60 years of mining and the results from the previous 9 holes drilled todate by AVZ we are not just "wishin and a hopin".

There is some real in depth geological data available for this deposit and that geological data base will grow very very quickly over the next 4 to 6 months. There is still IMHO the potential for investors to make significant amounts of money (profit) in this stock. I have bought in very early courtesy of a certain Ninja who I like and respect enormously but I have also continued to top up by 90,000 shares in the last week at these relatively low prices.

The most recent SP peak was 37c and at 24c we are currently 35% lower than that. In relation to the TA people, the current SP just above the maximum Fib retrace level of of 39% at 23c. Whether you rely on fundamentals or charts now is a pretty attractive price to buy in at IMHO.

Chrs w2

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Theaviator84

Mate before you make remarks like this
'
I just think it's going to take more than just great drilling results to get to the elusive re-rate"

I think the above is a sound quote...

The re-rating of the company has already taken place from exploration stage to a find...

What will cause the next re-rating? more drilling results.......Had them and price has slid.....

The best drilling with 5 drill rigs going full tilt will speed up things but will not re-rate...

Jorc and T/O offers will...

The fib replacement can be seen as healthy or the fib still has further to decline, sentiment isnt great for TA to turn around, even after investors found out 2 more drill rigs are digging and more great results

Investors now want more....Its not coming anytime soon and holders know it,,,JORC first everything else later...

Low ball incentive offers have stopped this dead.....People know its going to be given away

AVZ Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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